FORT WORTH, Texas, Oct. 29, 2014 /PRNewswire/ -- RadioShack Corporation (NYSE: RSH) announced today that The MAEVA Group will provide advisory services to RadioShack's Board of Directors and management as the Company moves forward with its operational and financial turnaround.
Harry J. Wilson, founder and CEO of The MAEVA Group, will serve as the Chief Revitalization Officer of RadioShack, reporting to RadioShack Chief Executive Officer Joe Magnacca and the RadioShack Board.
Prior to founding MAEVA, Mr. Wilson served as a senior advisor in the United States Department of the Treasury and was a senior member of the Auto Task Force, which was responsible for the Treasury's role in the restructuring of General Motors and Chrysler. Mr. Wilson led a team responsible for the business and financial work of the Task Force and also led a team overseeing the financial and operational restructuring of General Motors, the largest in American history.
"Harry Wilson's experience in guiding companies through successful turnarounds speaks for itself and will be extremely valuable as we continue our efforts to revitalize the Company. We welcome his insight and involvement," said CEO Joe Magnacca.
"RadioShack remains an important retailer serving many key markets. While challenging secular trends have undermined its performance in recent years, we believe that there is a great deal of opportunity ahead of it. We look forward to working with the management team, the Board, customers and vendors to help address these issues as quickly as possible and to revitalize the company," said Harry Wilson.
About RadioShack Corporation
RadioShack (NYSE: RSH) is a leading retailer focused on connecting customers with personalized solutions and discovering what's possible through the latest in consumer technology. The company's updated product assortment incorporates national brands, industry-leading private brand products, and in-demand mobile devices from a wide selection of wireless carriers. Customers can shop top brands in headphones and speakers, wearable technology, smart toys and DIY supplies, connected home, power accessories and home entertainment at www.radioshack.com or in store. RadioShack's global retail network includes more than 4,400 company-operated stores in the United States and Mexico and more than 1,200 dealer stores in 25 countries. RadioShack employs approximately 27,000 knowledgeable associates globally to help customers find their technology solution. For more information on RadioShack Corporation, please visit www.radioshackcorporation.com. Find RadioShack on Facebook, Twitter, Instagram, and YouTube. RadioShack® is a registered trademark licensed by RadioShack Corporation.
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SOURCE RadioShack Corporation