Mergers & Acquisitions

Fort Worth, Texas -- In an unexpected move, RadioShack said late Thursday that Walgreen Co. divisional president Joseph Magnacca will take the helm of the beleaguered consumer electronics chain as its new CEO.

PARK CITY, Utah -- Skullcandy, a manufacturer of performance headphones, has named Rick Alden, the company's founder, former CEO and a current director, as Interim CEO. Jeremy Andrus has decided to step down from his positions as resident and CEO and a company director to join a private investment firm. He will serve as a consultant to the company over the next 12 months.

DULUTH, Ga. -- NCR, an electronics company specializing in POS and self-service systems, announced it has completed its acquisition of Retalix Ltd., a leading global provider of retail software and services.

ATLANTA — Retail merchandising solutions provider, Predictix, has named Tom Fischer managing director for Europe, Middle East and Africa. Fischer will be responsible for managing Predictix’ EMEA sales, client implementation and support activities in a growing international business.

RADNOR, Pa. — Search giant Google has agreed to buy Channel Intelligence for $125 million, allowing to expand its role in the retail space. 

A division of ICG Group, Channel Intelligence claims to count Target, Best Buy and other large retailers and brands that rely on its marketing services to drive sales. 

New York -- Verizon Communications on Thursday elected Greg Wasson, Walgreens president and CEO, to the Verizon board of directors, effective March 1.

"Greg Wasson brings to Verizon an in-depth knowledge of the retail and healthcare industries," said Lowell McAdam, Verizon

chairman and CEO. "He offers a unique perspective as the leader of a successful Fortune 50 company focused on innovation,

traditional and nontraditional growth, operational and technical excellence, and multichannel integration.”

Duluth, Ga. -- NCR announced it has completed its acquisition of Retalix Ltd., a leading global provider of retail software and services.

CINCINNATI — Kroger has promoted Jeff Burt, formerly group VP perishables, merchandising and procurement, to president of the company's Central division. Kroger's Central Division operates 136 food stores primarily in Indiana and Illinois.

Mr. Burt, 50, has been group vice president of perishables merchandising and procurement since 2010. He succeeds Bob Moeder, who recently announced his plans to retire this spring.