This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

New Day at RadioShack

Electronics seller RadioShack (RSH) has filled its top corporate post, hiring retail-industry executive Julian Day to serve as its chairman and CEO.

Day will take over from Chief Operating Officer Claire Babrowski, who has been acting CEO. RadioShack has been looking for a permanent chief since David Edmondson resigned in February after admitting that he had overstated his educational background on his resume.

Shares of RadioShack surged on the news, rising $2.20, or 16%, to $15.96. Volume was much heavier than normal.

With Day at the helm, RadioShack has a leader who's past experience includes work with Safeway (SWY - Get Report), Sears and Kmart, where he was named CEO in 2003. The latter two are now part of what is Sears Holdings (SHLD - Get Report).

"Julian has a deep understanding of the retail industry in North America, and he is widely recognized for his ability to create value for shareholders at the companies where he has served," said Thomas Plaskett, presiding director for RadioShack's board.

Prior to joining Kmart, Day spent two years at Sears, first as chief financial officer and then as chief operating officer. Before Sears, he was executive vice president and chief financial officer for Safeway.

RadioShack, based in Fort Worth, Texas, said Day will receive a base salary of $1 million a year and an options package. He will also be eligible to take part in the company's existing bonus plans.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
SHLD $41.35 -0.74%
RSH $0.31 12.76%
SWY $35.10 -0.11%
AAPL $125.80 -2.25%
FB $77.56 -1.59%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs