Dive Summary:
- PetSmart announced that the company's current COO and president, David K. Lenhardt, will be making the move to CEO and will be appointed to the board of directors on June 14th.
- The company's current CEO and chairman, Bob Moran will be appointed to executive chairman, while Joseph O’Leary, EVP merchandising, marketing, supply chain and strategic planning, will be named president and COO.
- PetSmart cites that the current shifts in positions and internal hiring will help the company remain focused on executing proven successful strategies.
From the article:
"...PetSmart announced that its current president and COO David K. Lenhardt will assume the role of CEO, effective June 14, following the annual meeting of stockholders. Lenhardt will also be appointed to the board of directors at that time. Bob Moran, current chairman and CEO, will be appointed executive chairman..."