RadioShack’s New CEO Quits After Less Than 1 Year

At this time last year, we were on RadioShack Bankruptcy Watch, waiting for the venerable electronics retailer to file for Chapter 11 protection. Would it mean the end of RadioShack stores nationwide, or would the brand survive? One of the company’s major creditors purchased around half of the chain’s stores, creating a new company that would buy the RadioShack name in the bankruptcy auction, and the new RadioShack hired a former Dell executive as CEO in April. Now CEO Ron Garriques is taking off.

The Fort Worth Star-Telegram reports that he is leaving, along with the company’s Chief Revenue Officer, Marty Amschler. The duties of that job are going to two other executives, a vice president of stores and a vice president of store operations.

While the company searches for a new CEO, the chief financial officer, Gordon Briscoe, will step in. RadioShack told the Star-Telegram that Garriques stepped down “to pursue other interests in a role that will put him back closer to his family.” That could be in Austin, where Dell is based, or it could just be a classic reason given now that his work slimming down the Shack is done.

New RadioShack CEO departs after less than a year on the job [Star-Telegram]