Indianapolis – Michael Smith will leave hhgregg’s board this summer after three years as chairman and 10 years as a director.
No successor was named.
Smith joined the retailer’s board in 2005 after retiring from health benefits company Anthem Blue Cross Blue Shield as chief financial and accounting officer.
According to a federal filing, he notified the CE, appliance and home furnishings chain that he would not stand for re-election at its next annual stockholder meeting.
His decision follows that of Best Buy chairman Hatim Tyabji to retire from that company’s board in June, to be succeeded by president/CEO Hubert Joly.