NEW YORK (MarketWatch) — RadioShack Corp.
shares fell as much as 9% on Tuesday to their all-time low after the company said Troy Risch, its executive vice president of store operations, resigned on April 18 to pursue other interests. The company said his duties will be temporarily picked up by other members of its management team. The struggling retailer’s stock already plunged 17% on Thursday after lenders reportedly raised objections to its plan to shut as many as 1,100 stores. Risch, a 19-year Target Corp.
veteran before joining RadioShack, was one of the top five executives RadioShack said in March it has entered into retention agreements with. RadioShack, which most recently traded down 4.5% to $1.40, has slumped from its peak of $80 in 1999. The company didn’t immediately respond to a request seeking comment.
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