RadioShack Corporation Elects Julian Day Chairman and CEO
Friday, 07 July 2006
RadioShack Corporation announced that its board of directors has chosen Julian Day to serve as chairman and chief executive officer of the company. Day has successfully served in senior leadership positions at several large publicly traded retailing companies in the US and has played a key role in revitalizing such companies as Safeway, Sears, and Kmart.
“Julian has a deep understanding of the retail industry in North America, and he is widely recognized for his ability to create value for shareholders at the companies where he has served,” said Thomas Plaskett, presiding director for RadioShack Corporation’s board of directors. “His extensive knowledge of retail operations and his experience in revitalizing some of the great American retail brands make him the ideal person to lead RadioShack as we re-establish its pre-eminent position in the industry.”
“RadioShack is a trusted and respected brand with unparalleled levels of local presence and is represented by a group of extremely talented employees. I am honored to have been chosen to lead this dedicated group of employees as we create new value for our shareholders and an exciting experience for our customers,” said Day. “I look forward to working with the management team, the board and the dedicated associates of RadioShack to produce levels of return that we and our shareholders expect.”
Claire Babrowski, president and chief operating officer, was acknowledged by the board for her contributions in serving as acting CEO since February 2006.
“The board sincerely appreciates Claire’s most recent contributions to RadioShack as acting CEO,” said Plaskett. “She is a world-class executive who stepped into the top position during a difficult time, and we are very grateful for her commitment to our company and for her leadership."