Indianapolis-based hhgregg (NYSE:HHG) is going full steam ahead toward executing a turnaround and has announced a series of new executive appointments.
Chris Sutton has been promoted from VP of marketing to senior VP, with oversight of all marketing initiatives and the retailer's e-commerce business, including digital marketing. He will also continue to oversee the customer insights group focused on leveraging customer data, feedback, research, competitive and industry observations.
The company has also added three new executives:
Andrew Terry joined hhgregg from LG Electronics and is the new senior VP of merchandising for appliances.
Mabelle Lim, VP of merchandising for home decor, hails from Pier 1 Imports where she was divisional merchandise manager.
Newly hired Matt Phillips, senior VP of merchandising for electronics, was previously with Groupon, where he was responsible for a 66 percent growth in the consumer electronics business, according to a company statement.
"We have assembled a strong senior executive team that will build and maintain momentum to achieve our company's growth and profitability goals," said Bob Riesbeck, president and CEO. "We are excited to have attracted talented leaders who will focus on revenue, margin and operational proficiencies. Of particular note are the new merchandising and marketing executives in roles of vital importance to our success."
Riesbeck was recently named as CEO of hhgregg, a role he had filled temporarily after Dennis May abruptly resigned in February. Since then, Riesbeck has been busy putting a team in place and devising a strategy to combat falling sales that includes a greater focus on high-end appliances.
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