RadioShack’s CEO Has Quit After Less Than a Year
Ron Garriques, who took the reins of RadioShack after it filed for bankruptcy and was sold to a New York hedge fund, has reportedly quit as CEO after less than a year in the position.
Garriques stepped down from the Fort Worth, Texas-based company “to pursue other interests in a role that will put him back closer to his family,” according to a statement obtained by local newspaper, the Star-Telegram.
Until a replacement is found, the Star-Telegram says CFO Gordon Briscoe will serve as RadioShack’s interim CEO.
Garriques took over in April after the company and its 1,740 stores were bought in a bankruptcy court by Standard General, a New York hedge fund. The previous February, RadioShack went into Chapter 11 and closed more than half of its 4,000 locations.
Garriques, a former Dell and Motorola executive, took the role from former CEO Joe Magnacca. Chief revenue officer Marty Amschler also announced he’s leaving RadioShack, according to the Star-Telegram.