Hhgregg Announces Exec Changes

Indianapolis Hhgregg Inc. said its CFO Donald J.B. Van der Wiel is leaving the company to pursue other opportunities.

The company said it will now begin a search for a new CFO. In the meantime, Hhgregg said controller Jeremy J. Aguilar will handle the CFO's responsibilities.

The company also said COO Dennis L. May will become the company's new CEO at its annual shareholder meeting in August, and that current CEO Jerry W. Throgmartin will become the executive chairman of the board.

The CEO changes are part of the company's succession plan, Hhgregg said.