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Tractor Supply Co. announces succession plan
Brentwood, Tenn. -- Tractor Supply Co. said Thursday that, as part of its planned management succession, current president and COO Gregory Sandfort will assume the role of president and CEO, effective Jan. 1. He will also be appointed to the board of directors at that time.
Current chairman and CEO James Wright will be appointed executive chairman of the board with a one-year term.
Prior to his tenure at Tractor Supply, Sandfort was president and COO of Michaels Stores.
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RadioShack CEO steps down
Fort Worth, Texas -- RadioShack Corp. said CEO James Gooch has agreed to step down from his position, effective immediately. The company did not specify a reason for his departure. Gooch was appointed CEO in 2011 and has been working to boost stagnant sales.
RadioShack said its board is conducting a search for a successor and would not rule out internal candidates. In the interim, executive VP and CFO Dorvin Lively will serve as the acting CEO.