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RadioShack Names New CFO

Fort Worth, Texas – RadioShack has appointed Dollar General finance chief John Feray executive VP/chief financial officer, effective Feb. 6. 1/13/2014 07:35:00 AM Eastern

Fort Worth, Texas – RadioShack has appointed Dollar General finance chief John Feray executive VP/chief financial officer, effective Feb. 6.

He will succeed interim chief financial officer Holly Etlin, a managing director at consultancy AlixPartners, which had been retained by the chain. She and her team will continue to advise the company on its operational turnaround.

Etlin in turn had succeeded chief financial officer and interim CEO Dorvin Lively, who left the company last summer.

Feray has been finance and strategy senior VP at Dollar General since 2008, with responsibility for financial planning and analysis, long-term strategic planning, real estate market planning and operational improvement activities.

Before that Feray served as senior VP and chief financial officer of First American Payment Systems and Haggar Corp., the menswear manufacturer and retailer.

“We are extremely pleased to have a finance professional with John’s experience join us as we move forward with our turnaround plan,” said RadioShack CEO Joseph Magnacca. “John worked as a key member of the finance team that was responsible for the significant financial improvement at Dollar General, and has the strong operational orientation needed to contribute to our strategic efforts. We will benefit from his leadership and insight as we look to increase our operational efficiency and rebuild the business in 2014 and beyond.”

Feray is the latest addition to Magnacca’s new management team, which he has been building since April. Other recently filled posts include chief marketing and merchandising officers, and senior VPs of store concepts, franchise, global sourcing, and inventory planning and allocation.