John W. Feray Joins RadioShack Corporation (NYSE:RSH)

Posted by Kristi Scott January 15, 2014 0 Comment 1809 views

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.

Strong experience

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.

Leadership speaks

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.

About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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