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RadioShack Looking For New Chief Merchant

9/21/2009 09:49:31 AM Eastern

Fort Worth, Texas - RadioShack's chief merchandising officer Peter Whitsett has left the company to pursue other interests.

According to an 8-K report filed with the Securities and Exchange Commission on Friday, Whitsett's duties will be temporarily assumed by various members of the chain's senior management while it launches an executive search for a permanent successor.

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RadioShack chairman/CEO Julian Day brought Whitsett aboard nearly two years ago from Sears Holdings, where he had been responsible for the retailer's general merchandising businesses. Whitsett had risen through the ranks at Kmart, where Day was president and later CEO prior to its merger with Sears.

His departure follows the launch this summer of a new rebranding campaign for RadioShack. Day told investors at a Goldman Sachs retail conference earlier this month that he is turning his attention to other areas of the business now that its financial and operational functions have been strengthened.

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