RadioShack Names Walgreen’s Magnacca as CEO After Falling Sales
RadioShack Corp. hired Joseph C. Magnacca as its new chief executive officer as the unprofitable electronics chain loses customers to bigger competitors.
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.
Finding ways to boost sales without losing money will be the main challenge for Magnacca, who will be RadioShack’s fourth CEO in the past three years.