RadioShack Names Chief Merchandising Officer and Senior Global Sourcing
FORT WORTH, Texas, Oct. 22, 2013
FORT WORTH, Texas, Oct. 22, 2013 /PRNewswire/ --RadioShack Corporation (NYSE:
RSH) today announced the appointments of Paul Rutenis as senior vice
president, chief merchandising officer and Janet Fox as senior vice president
of global sourcing.
The addition of these retail veterans represents a key component of the
company's strategy to revamp its product assortment, reinvigorate stores, and
increase its operational efficiency, three of the five pillars of the
company's operational turnaround plan.
Chief Executive Officer Joseph C. Magnacca said, "We are very happy to have
Paul and Janet join our company at a critical point in our turnaround. They
bring with them a demonstrated track record of success and will contribute to
the execution of our strategic initiatives. Since the beginning of the year,
we have brought on board six new members of our management team as we rebuild
and enhance the strength of our executive leadership."
Paul Rutenis joins RadioShack from J. C. Penney Company, Inc., where he served
as senior vice president, general merchandising manager for the Home division.
He previously served in senior positions at Dick's Sporting Goods and Foley's
Department Stores in a career spanning 22 years in merchandising. At
RadioShack, Paul will be responsible for leading all retail categories,
covering well known global brands as well as private branded products. He will
work with the company's executive leadership team to drive a clear merchant
strategy and alignment with the retailer's sales, marketing and operations
Janet Fox has spent almost 30 years in retail sourcing, most recently as
senior vice president- sourcing, quality, materials and technical design at
leading athletic brand Under Armour, Inc. Before joining Under Armour, she
served as senior vice president, director of sourcing for JCPenney. Fox will
oversee the company's global supplier partnerships; optimization of the
sourcing process and international trade relationships. She will also focus on
improving operational efficiencies in sourcing.
The company also announced today that Martin Moad, vice president-controller,
has decided to retire after 34 years with RadioShack, effective December 27.
RadioShack's William R. Russum has been named vice president and corporate
controller and will serve as the company's principal accounting officer.
"We are extremely appreciative of Martin's contributions to the company over
his many years of dedicated service, and we wish him all the best in his
retirement," 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 30,000 knowledgeable and helpful
sales experts globally. RadioShack's retail network includes approximately
4,300 company-operated stores in the United States, over 270 company-operated
stores in Mexico, and approximately 1,000 dealer and other outlets worldwide.
For more information on RadioShack Corporation, please visit
www.radioshackcorporation.com; to purchase items online, please
visitwww.radioshack.com. RadioShack^® is a registered trademark licensed by
Analyst and Investor Contact: News Media Contact:
Bruce Bishop Media Relations
(817) 415-3400 (817) 415-3300
SOURCE RadioShack Corporation
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