Cobra Electronics announced Friday that senior vice president and chief financial officer Michael Smith has resigned from the company to take a job in the specialty apparel industry.
Dwain Hughes, 53, chief financial officer of RadioShack Corp., died at his Fort Worth home after a brief illness. Hughes joined the company in 1979 as an internal auditor after active service in the U.S. Air Force in audit management from 1971 to 1979. Leonard Roberts, chairman and chief executive officer, announced the appointment of Loren Jensen, the company's vice president of finance, as acting chief financial officer. Roberts said the company will begin a formal search process for Hughes' successor and that Jensen is a candidate for the position. RadioShack also announced the promotion of Larry Harris to division vice president, merchandising;