Jerry Throgmartin, the longtime former CEO of hhgregg, has passed away, the company announced Monday.
The incoming CEO of hhgregg is expecting to continue the chain's fast growth, and sees the TV business driving growth in the chain's business.
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.
Retailer hhgregg announced Monday that it will launch a gaming business across all of its 109 stores. The move, planned to begin on Black Friday, will include every major console and portable device, as well as most top games.
How does hhgregg do it? In an age of zero margins, ever-increasing big-box presence, consumers with less expendable income and more things to spend it on, this regional powerhouse of a consumer electronics retailer has been expanding… aggressively. That means Chairman and CEO Jerry Throgmartin has at least two things going for him: the knowledge of what it takes to succeed in a highly competitive CE landscape, and the guts to execute on it. And, to be sure, he ought to be this good. He literally grew up around the business, working in the store his grandparents built while in middle school. That
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