RadioShack CEO is Out; Garriques Stepping In

While RadioShack is preparing to emerge from bankruptcy, its CEO won't staying on for the company's next phase.

CEO Joe Magnacca is stepping down after two years with the company, the Dallas Business Journal reported Wednesday. The report cited an internal memo.

Meanwhile, the Wall Street Journal reported that Ron Garriques, a longtime industry executive who formerly worked at Dell, is the choice to lead the new version of the company.