RadioShack Names Retail Merchant Joseph C. Magnacca Chief Executive Officer

 RadioShack Names Retail Merchant Joseph C. Magnacca Chief Executive Officer

PR Newswire

FORT WORTH, Texas, Feb. 7, 2013

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'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. Mr.
Magnacca's previous senior management experience includes merchandising and
marketing roles at two of Canada's leading retail chains. He spent seven
years as senior vice president at Shoppers Drug Mart, where he was
instrumental in the company's turnaround, and fifteen years at Loblaw, where
he began his career. In 2010, Joe was named Merchant of the Year for
Drugstore Retailing by Chain Drug Review magazine.

"Joe is a leader with significant experience in transforming iconic brand
names into strong operating businesses," said Daniel R. Feehan, non-executive
chairman of RadioShack. "We believe he will be a catalyst for change at
RadioShack in refining our merchandising strategies,reinvigorating the
shopping experience for our customers and building sustainable value for our
shareholders."

"I am delighted to join RadioShack and to be part of this team as we build
upon the strengths of such a great brand. I see advantages in being a small
box retailer in the consumer electronics space today, particularly with the
broad retail footprint and convenience RadioShack offers its customers. I
believe my experiences will help the team identify and execute on new
opportunities that can return this great company to a position of prominence
in the lexicon of American retailers," said Mr. Magnacca.

About RadioShack Corporation

RadioShack (NYSE: RSH) is a leading national retailer of innovative mobile
technology products and services, as well as products related to personal and
home technology and power supply needs. RadioShack^® offers consumers a
targeted assortment of wireless phones and other electronic products and
services from leading national brands, exclusive private brands and major
wireless carriers, all within a comfortable and convenient shopping
environment. RadioShack employs approximately 34,000 knowledgeable and helpful
sales experts globally. RadioShack's retail network includes approximately
4,700 company-operated stores in the United States and Mexico, 1,500 wireless
phone centers in the United States, and approximately 1,100 dealer and other
outlets worldwide. For more information on RadioShack Corporation, please
visit www.radioshackcorporation.com; to purchase items online, please visit
www.radioshack.com. RadioShack^® is a registered trademark licensed by
RadioShack Corporation.

News Media Contact:
Media Relations
(817) 415-3300
Media.Relations@RadioShack.com

SOURCE RadioShack Corp.

Website: http://www.radioshack.com