hhgregg Announces Resignation of Its Executive Vice President and COO and Board Member
Indianapolis-based appliance and electronics retailer, hhgregg Inc. (NYSE:HGG)
today announced that the Board of Directors (the "Board") of
hhgregg, Inc. (the "Company") has accepted the resignation of Gregg W.
Throgmartin as the Executive Vice President and Chief Operating Officer
of the Company and as a member of the Board, effective March 31, 2014.
Mr. Throgmartin is leaving the Company to pursue outside interests and
manage family businesses.
Dennis May, President and CEO of hhgregg, stated, "I would like to thank
Gregg for his leadership and many contributions to hhgregg over the past
13 years. Gregg has been an instrumental member of our leadership team
and helped support the growth of the Company's store base as we work
toward becoming a national retailer."
Gregg Throgmartin commented, "I want to thank hhgregg for everything the
Company has meant to both my life and career. I believe that the Company
is in great hands and that the strategic initiatives the Company is
embarking on will continue to make the Company prosperous. I wish the
Company the best in its future endeavors."
The Board announced that it will commence a search for a new Chief
Operating Officer. In the interim, other operations officers of the
Company will fulfill the responsibilities of Mr. Throgmartin.
hhgregg is a specialty retailer of home appliances, televisions,
computers, tablets, wireless devices, consumer electronics, home
furniture, mattresses, fitness equipment and related services operating
under the name hhgregg™. hhgregg currently operates 228
stores in Alabama, Delaware, Florida, Georgia, Illinois, Indiana,
Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Jersey, North
Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, West
Virginia, and Wisconsin.
Andy Giesler, 317-848-8710
Senior Vice President
of Finance and Interim Chief Financial Officer
Source: hhgregg Inc.
News Provided by Acquire Media
Close window | Back to top