hhgregg Names Successor to Throgmartin
hhgregg announced an executive shift Tuesday, in which longtime CEO Jerry Throgmartin will move to the position of Executive Chairman of the Board, with COO Dennis L. May stepping in as the new CEO. The move, the culmination of the company's succession plan, will take place in August.
The company also announced that chief financial officer Donald J.B. Van der Wiel will leave the company to "pursue other opportunities," and it will begin searching for a new CFO. Jeremy J. Aguilar will hold the position on an interim basis.
"I am very pleased to announce that Dennis will assume the role of President and CEO, implementing our anticipated succession plan," Throgmartin said in a statement. "I have worked closely with Dennis for the past 10 years and have tremendous respect for his abilities and confidence in his leadership and I look forward to continue working closely with him in my new role."