Hhgregg seals its CEO deal

Hhgregg has completed its search for a permanent CEO by giving interim chief Robert Riesbeck the long-term nod.



Riesbeck has held the interim title since February, when then-CEO Dennis May tendered his resignation. Now, with the top position becoming permanent, Riesbeck will give up his CFO title and the company will launch a new search for a replacement.



Prior to joining the home-electronics and appliance retailer in 2014, Riesbeck was Group CFO at Sun Capital Partners, was CFO of Marsh Supermarkets, and COO and CFO at Nike.



“Over the past six months, we have made progress toward our top company goal of driving sales growth through our focus on appliances, furniture and large, premium television,” said Riesbeck. “The team we put in place over the last 12 months will continue to build on this momentum to achieve our company's growth and profitability goals and drive the long-term shareholder value of Hhgregg.”