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RadioShack Looking For New Chief Merchant

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.

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