twice connect
careers

Gooch Begins CEO Tenure At RadioShack

5/19/2011 02:50:30 PM Eastern

Fort
Worth, Tex. - Retailers may soon be outsourcing their CE departments to RadioShack.

The chain, which is assuming operational control of Target's mobile business, said it is in talks with other retailers to provide the same turnkey service for their entire CE assortments.

Gooch, the president and chief financial officer of
RadioShack, succeeds Julian
C. Day, who is retiring from the company,

the Fort Worth Star-Telegram reported.

Outlining recent accomplishments, Gooch also noted that mobile had grown from 29 percent to 47 percent of RadioShack's total revenue since 2008.

In a statement during the meeting Gooch summarized
RadioShack's financial and operational progress during 2010 and presented his
priorities for 2011.

"Our accomplishments over the past five years have
positioned us as a well-capitalized organization with a vast store network,
contemporized brand and an improved product assortment driven by our growth in
mobility," he said.

"Looking ahead, we remain focused on growing our core
mobility and signature businesses, cultivating partnerships with other leading
retailers, and pursuing selective opportunities for international growth."

Also during the meeting, shareholders elected the following
seven directors to serve on the Board until the next annual meeting of
shareholders in May
2012: Frank
Belatti, managing partner, Equicorp Partners, LLC.; Daniel
Feehan, president and CEO, Cash America International; H.
Eugene Lockhart, partner, Diamond Castle Holdings; Jack
Messman, private equity investor and consultant; Thomas
Plaskett, chairman, Fox Run Capital Associates; Edwina
Woodbury, president and CEO, The Chapel Hill Press.; and Jim
Gooch.

In a separate session following the meeting, board members
appointed Feehan to serve as non-executive chairman. He has served as presiding
director of RadioShack's board since 2003.