Edmondson to Lead RadioShack

Fort Worth, Texas, RadioShack announced a changing of the guard. Leonard Roberts, chairman and CEO, and David Edmondson, president and COO, will continue leading the company, but with different roles. RadioShack Corp. said Roberts, 55, will transition out of the CEO role over the next four months and will continue as executive chairman. The board selected Edmondson, 45, as the company’s president and CEO, effective at the annual shareholders meeting on May 19. The CEO transition is a planned succession that follows Edmondson’s promotion to president and COO in December 2000. Edmondson was also elected to the company’s board of directors.