FORT WORTH, Texas, Feb. 7, 2013 /PRNewswire/ -- RadioShack Corp. (NYSE: RSH) today announced that Joseph C. Magnacca, an experienced retail executive and merchant, has been appointed chief executive officer of the Company effective February 11. Mr. Magnacca has also been named a member of RadioShack (RSH)'s Board of Directors.
Mr. Magnacca, 50, is currently executive vice president and president of Daily Living Products and Solutions for Walgreen Co., where he oversees all of Walgreen's marketing and merchandising operations across more than 8,000 stores. He has also been responsible for the integration of the Duane Reade drugstore chain. He was president of Duane Reade at the time of its acquisition by Walgreens in 2010, and before that chief merchandising officer, undertaking the successful transformation of Duane Reade through the creation of an innovative urban operating model and customer experience.
FORT WORTH, Texas, Dec. 18, 2012 /PRNewswire/ -- RadioShack Corporation (RSH) today announced that Troy Risch has been named executive vice president of operations, and Huey Long has been named executive vice president of strategy and consumer insights. Both will report to Dorvin Lively, interim CEO of RadioShack Corp., starting January 2, 2013.
Mr. Risch's responsibilities will include store operations and real estate. Mr. Risch is a 19-year veteran of Target Corporation, based in Minneapolis, Minn., which operates more than 1,700 stores across the country. Mr. Risch held progressive responsibilities at Target, store manager (19972000), district manager (2000-2002), group director (2002-2005), group vice president (2005-2006), and his most recent role, executive vice president of stores (2006-2011). Mr. Risch earned his bachelor's degrees in business administration and management from North Dakota State University.
Mr. Long's responsibilities will include marketing, business development and omnichannel. Mr. Long is a 22-year retail veteran, most recently with
If rsh is so broke how can they bring in the new team...Cause they have over half a billion in cash and bring in the best talent and pay for it....This company is in turn around mode and have hired the right team.....It may take a few months but by end of year this will trade close to book value which is 6 a share....Do we need to explaing that to you too shortie...can u grasp that? Better cover....Grasp that concept real soon before you lose your last 10 bucks....clear enough?
Sentiment: Strong Buy
I can explain...They hired 4 seasoned very sucessful Veterans because Rsh is serious about turning this great American Icon back to its glory days...Been around and went thru world wars, a depression and the great recession.... for over 80 years...Its not going away...Its re-invented itself many times and will again...
Sentiment: Strong Buy
Got to bring this one out... an oldie but a goodie... WHY? I've always been curious can one of you midgets explain WHY... certainly u r not shor any longer taking medication to make you Long?
I've had exactly the same thought. Two ideas...
--The board is highly motivated to find a management team of caliber. If they hear the hint of someone remotely qualified, they sniff it out, make $$ offerings to make it work. They may have hit up some ten or 15 folks to get to this point, who knows?
--The folks in question were just told "Yeah, we've looked over our long term leadership plans, and you are never going to be promoted beyond your current position. In fact we'd like for you to leave now. We'll help you find opportunities elsewhere..."
That's not necessarily a bad thing (its good to have a variety of experiences INCLUDING mistakes and small failures, as long as you learn from them..)
Of course I have no specific knowledge here, I'm just playing the "what is more likely" game. Its baffling why someone on the fast track to the CEO of a large company $8B in which they know the business well, to take the CEO job of a $4.x B company in an arena they aren't as well versed in (consumer electronics + ...)
Sentiment: Strong Sell
Please Help me here! I want to know why 3 seasoned vets left great jobs at Wallgreens, Target, and Wallmart... Why ? Why? Are they just $tupid... or they have stock options, invcentives to turn around... Nah that can't be it... Please someone help me understand... I'm asking for help here...