Tweeter Names New CEO
A former party-supply executive is being brought in to rescue the retailer Tweeter, after its takeover earlier this summer.
Schultze Asset Management, which purchased Tweeter in July and now calls it Tweeter Newco, announced Friday that Geroge Granoff, formerly COO of Party City, Ames Department Stores and Bradlees, will take over as Tweeter’s CEO. Granoff will replace Joe McGuire, who resigned from the company four days earlier. In an announcement, Tweeter’s chairman, George Schultze, called Granoff a seasoned retail turnaround executive, who who has “an established record of focusing organizations on their core strengths.”