RadioShack CEO Resigns in Over Falsified Resume

PHILADELPHIA -- Electronics retailer RadioShack Corp. said Monday that its president and chief executive, David Edmondson, has resigned in the midst of an investigation into credentials listed on his resume, Reuters reported.

Edmondson, who became RadioShack's CEO last May after being groomed for the spot, admitted last week that he had "clearly" misstated his academic record on his resume and on the company's Web site.

RadioShack Executive Chairman Leonard Roberts said on a conference call that the company's board of directors decided Monday morning to accept Edmondson's resignation in the hopes that the market could focus again on the company's turnaround plan.

The consumer electronics retailer named Claire Babrowski, most recently its executive vice president and chief operating officer, as president and acting CEO while it launches a search for a permanent replacement.

-- NYSSCPA.org News Staff

Posted on 2/21/06