RadioShack’s New CEO Faces Challenge as Profit Slides
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RadioShack Corp. hired Joseph C. Magnacca as its fourth chief executive officer in three years, tapping a drugstore marketing expert to help revive the unprofitable electronics chain.
Magnacca, 50, takes charge on Feb. 11, Fort Worth, Texas-based RadioShack said in a statement yesterday. He joins the retailer from Walgreen Co., where he served as executive vice president in charge of marketing and merchandising efforts for more than 8,000 stores.