RadioShack Corporation today announced the appointment of specialty retail industry veteran John W. Feray as its new Executive Vice President and Chief Financial Officer effective February 6, 2014.
Feray joins RadioShack from Dollar General Corporation, where he has been Senior Vice President-Finance and Strategy since 2008 under both private equity ownership and as a public company. With responsibility for financial planning and analysis, long-term strategic planning, real estate market planning and operational improvement activities, he has been a key contributor to Dollar General's growth. He also played an integral role in the development of the Dollar General strategies for their successful return to the public markets in 2009.
Joseph C. Magnacca, Chief Executive Officer, said, "We are extremely pleased to have a finance professional with John's experience join us as we move forward with our turnaround plan. John worked as a key member of the finance team that was responsible for the significant financial improvement at Dollar General, and has the strong operational orientation needed to contribute to our strategic efforts. We will benefit from his leadership and insight as we look to increase our operational efficiency and re-build the business in 2014 and beyond."
Feray said, "I look forward to working with Joe and the entire RadioShack team on the transformation of this iconic American retailer. I believe my experience at Dollar General is directly applicable to RadioShack and I am delighted to have the opportunity to help the Company accomplish the turnaround plan that is underway."
Prior to joining Dollar General, Feray served as Senior Vice President and Chief Financial Officer of First American Payment Systems. Before that he spent several years as Senior Vice President and Chief Financial Officer of Haggar Corporation, the menswear manufacturer and retailer. During his tenure, he oversaw Haggar's transition from a public to a privately owned enterprise. He has an extensive background in financial management which began at Arthur Andersen where he served as an audit manager. Feray is a graduate of Sam Houston State University and a Certified Public Accountant.
Feray is the latest addition to RadioShack's new leadership team, which over the last year, has included a new Chief Marketing Officer and Chief Merchandising Officer as well as Senior Vice Presidents of Store Concepts, Franchise, Global Sourcing, and Inventory Planning and Allocation.
RadioShack's Interim CFO Holly Etlin will continue to work with the company as a member of the AlixPartners team advising the company on its operational turnaround.
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