RadioShack loses CEO

Ron Garriques has left his post as CEO of RadioShack after less than a year helming the company, stepping down to "pursue other interests."

Garriques joined RadioShack in April after the company was acquired out of bankruptcy by New York–based hedge fund Standard General. He succeed Joe Magnacca as CEO, who recently joined Massage Envy as its CEO.  

During his brief stint with RadioShack, Garriques announced new store designs and brought in celebrity Nick Cannon as the retailer's chief creative officer.

Michael Tatelman, Chief Marketing Officer, told the Star-Telegram in a recent interview that RadioShack's focus is on digital expansion and a better curated product selection at key locations. It also cobranded 1,400 locations with Sprint.

Chief Financial Officer Gordon Briscoe will serve as interim CEO until the company's board finds a permanent replacement.

Chief Revenue Officer Marty Amschler is also stepping down and will be replaced by Todd Schrader as VP of stores and Tom Maria as VP of store operations, according to the report.

For more:
-Read this Star-Telegram article

Related stories:
RadioShack alive and tweeting
Standard General acquires RadioShack, appoints new CEO
Sprint opens 1,400 cobranded RadioShack stores
RadioShack selling brand and locations separately
RadioShack pushing for faster sale of assets
RadioShack may be down, but it's not totally out

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