Throgmartin to Leave hhgregg
February 11, 2014,
INDIANAPOLIS-Gregg Throgmartin, hhgregg's executive vice president and chief operating officer, will leave the appliance and electronics retailer on March 31.
The retailer said in a statement that the board of directors, of which Throgmartin is also a member, has accepted his resignation. The statement added that Throgmartin is exiting the company to pursue outside interests and manage family businesses.
Dennis May, hhgregg's president and CEO, credited Throgmartin for his leadership and contributions to the retailer over the past 13 years. May called Throgmartin "an instrumental member of our leadership team" and cited his role in supporting the growth of hhgregg's store base as the company strove to become a national retailer.
The statement also said the board will begin a search for a new chief operating officer. In the interim, other hhgregg executives will fulfill Throgmartin's responsibilities.
Other Articles By Author
Von Tobel Cites Brass Textures Among Top Trends
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.