RadioShack Names Chief Merchandising Officer and Senior Global Sourcing Executive
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 divisions.
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 visit www.radioshack.com. RadioShack® is a registered trademark licensed by RadioShack Corporation.
SOURCE RadioShack Corporation
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