RadioShack CEO Julian Day retiring

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On Monday January 24, 2011, 8:36 am

FORT WORTH, Texas (AP) -- Electronics retailer RadioShack says Julian Day will retire as chairman and CEO at the company's next shareholder meeting in May.
The company says he will be succeeded as president and CEO by Jim Gooch, 43, the current chief financial officer. Gooch was named president effective immediately as part of the company's succession plan, and will assume the CEO post upon Day's retirement.
RadioShack plans to split the chairman and CEO roles after Day, 57, retires. Under the changes, Daniel R. Feehan will become non-executive chairman of the board. He has been a director since 2003 and is currently president and CEO of Cash America International Inc.