Dive Summary:
- Less than one week after Magnacca’s promotion from corporate SVP to EVP of Walgreens, RadioShack has snatched up the exec, making him their new CEO.
- In the wake of Magnacca's sudden departure, Walgreens will promote Bryan Pugh, VP well experience deployment, to interim lead the merchandising group.
- Magnacca is confident he can create a new path for the small box retailer and turn around its current downward trend.
From the article:
"...Everybody loves a turnaround story. RadioShack is betting that the now-former president of daily living products and solutions for Walgreens, Joe Magnacca, will help author a turnaround story of its own for the small-box consumer electronics retailer..."
