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Electronics seller RadioShack (RSH Quote) 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. ...
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