Dive Brief:
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RadioShack has hired turnaround company FTI Consulting and named its senior managing director Carlin Adrianopoli as CFO.
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He replaces Holly Etlin who had similarly returned to RadioShack as CFO in September when the retailer tapped AlixPartners for help.
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That spot has been something of a revolving door, with John Feray replacing Etlin, who had been interim CFO since the previous summer, in February. Feray left in September for personal reasons.
Dive Insight:
RadioShack is running out of cash and possibly options as it tries to stay upright while it executes a comeback strategy. That’s been especially difficult for many months now, with a couple of its lenders getting in the way of its plan to shutter stores and refinance its debt. While it has slowly been able to make some of those moves lately, it's had to spend a lot of time and effort getting there.