FORT WORTH, Texas - Nov. 25, 2013 // PRNewswire // - RadioShack Corporation (NYSE: RSH) today announced the appointment of Mark A. Boerio to the newly created position of Senior Vice President, Inventory Planning and Allocation, effective December 3. He is the latest addition to the new leadership team being assembled by CEO Joseph C. Magnacca as the Company executes its strategic plan to reposition the brand, revamp the product assortment, reinvigorate the stores, increase its operational efficiency and enhance financial flexibility.
Mr. Magnacca said, "I am pleased to have Mark join the RadioShack team. As we execute our strategy to revamp our product assortment and localize our assortment in each store, we recognize we will place greater demands on our inventory management team and processes. Mark will provide new leadership in this arena and brings with him a proven career in this discipline. We are very happy to continue to attract top retail talent to our company as we focus on executing a successful turnaround."
Prior to joining RadioShack, Boerio served in various executive functions for Belk, Inc., the nation's largest family owned and operated department store company, most recently serving as Senior Vice President, Corporate Strategy. During his 11-year tenure at Belk, Boerio also served as Senior Vice President, Merchandise Planning and Allocation, and Senior Vice President, Stores. Before joining Belk, Boerio served as Manager, Merchandise Planning for Victoria's Secret Stores, LLC. Boerio received his MBA from Duquesne University and his BS in Business Administration, Finance, from Indiana University of Pennsylvania.
In addition, the Company announced that Huey P. Long, executive vice president of strategy and consumer insights, has chosen to leave RadioShack to pursue other opportunities. His responsibilities have been reassigned to other executives in the organization.
RadioShack (NYSE: RSH) is a leading national retailer of innovative mobile technology products and services, as well as products related to personal and home technology and power supply needs. RadioShack® offers consumers a targeted assortment of wireless phones and other electronic products and services from leading national brands, exclusive private brands and major wireless carriers, all within a comfortable and convenient shopping environment. RadioShack employs approximately 30,000 knowledgeable and helpful sales experts globally. RadioShack's retail network includes approximately 4,300 Company-operated stores in the United States, over 270 Company-operated stores in Mexico, and approximately 1,000 dealer and other outlets worldwide. For more information on RadioShack Corporation, please visit www.radioshackcorporation.com; to purchase items online, please visit www.radioshack.com. RadioShack® is a registered trademark licensed by RadioShack Corporation.
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