Retail Ventures Appoints CEO

Columbus, Ohio Retail Ventures has named James A. McGrady to succeed CEO and president Heywood Wilansky, effective Feb. 1.

McGrady is currently executive VP and CFO of the company. He will retain the position of CFO along with his new titles.

In August, the company said it did not plan to renew Wilansky's contract. The move came seven months after Retail Ventures paid a group of private-equity investors to take over its struggling Value City Department Stores chain, which declared bankruptcy this fall.