John W. Feray Joins RadioShack Corporation (NYSE:RSH)
RadioShack Corporation (NYSE:RSH) announced the appointment of John W. Feray, a specialty retail-industry veteran as the company’s new Executive VP and CFO effective 6 February 2014. Feray joins RadioShack Corporation (NYSE:RSH) from Dollar General Corporation, which is the largest small-box discount-retailer in the country and has more than 11,000 locations. He has been in the post of Senior VP-Finance & Strategy, there since 2008, under private-equity ownership as well as a public company. With the responsibility for financial-planning and analysis, real estate market planning, long-term strategic planning and operational-improvement activities, Feray has been a key-contributor to the growth of Dollar General.
He has also played a very integral role in developing Dollar General’s strategies for the company’s successful return to the public-markets in 2009. Chief Executive Officer, Joseph C. Magnacca said that they are extremely pleased that a finance professional of John’s experience is on board the company as they move forward with the company’s turnaround plan. John has worked as a key-member of the finance-team that was responsible for significant financial-improvement at Dollar General.
He has the strong operational-orientation that is required to contribute their strategic efforts. Magnacca said that RadioShack Corporation (NYSE:RSH) will benefit from the leadership he brings and his insight as they look to increase the company’s operational-efficiency and re-build their business in 2014 and in the long-term as well.
Feray said that he looks forward to working with Joe as well as the rest of the RadioShack Corporation (NYSE:RSH) team in transforming the iconic American retailer. He said that he believes that the experience he had gained from working at Dollar General is also directly-applicable to RadioShack Corporation (NYSE:RSH). He said that he is delighted to have received the opportunity to help RadioShack Corporation (NYSE:RSH) accomplish the turnaround plan that it has embarked upon.