A sign on a pharmacy window announce flu shots availability, Monday, Jan. 14, 2013 in New York. Some New York City pharmacies and clinics are reporting flu vaccine shortages caused by reports of widespread outbreaks, but the city's Health Department said shortages are in individual locations and don't reflect a larger supply problem. (AP Photo/Bebeto Matthews)
RadioShack picks Walgreen's Magnacca as CEO
Published: 11:36:59 PM, Thu 07 February 2013 UTC
FORT WORTH, Texas (AP) — Electronics retailer RadioShack Corp. said Thursday that Walgreen Co. executive Joseph Magnacca will become its CEO on Monday.
Magnacca, 50, will also join the board of directors. He was in charge of daily living products and solutions for Walgreen and is the former president of the New York-based Duane Reade chain. Walgreen bought Duane Reade in 2010.
James Gooch stepped down as RadioShack's CEO in September after only a year and a half on the job. The company's profits have fallen over the past two years as brick-and-mortar consumer electronics stores struggle against fierce online competition.
RadioShack shares rose 9 cents, or 2.9 percent, to $3.20 in after-hours trading.
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