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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based electronics and appliances retailer HHGregg Inc. plans to appoint a new CEO in August, when Jerry W. Throgmartin becomes executive chairman.
The company’s current president, Dennis L. May, will take over for Throgmartin, a 33-year veteran of the chain who has served as CEO since 2003, HHGregg said yesterday.
May, 41, joined HHGregg in 1999. He has led the company’s rapid expansion, including the addition of 23 stores over the last year.
Also yesterday, HHGregg said its chief financial officer, Donald J.B. Van der Wie, is leaving to “pursue other opportunities.” The company has begun a search for a replacement.
“Don was instrumental in preparing HHGregg for its initial public offering in 2007 and our successful growth as a public company,” Throgmartin, 54, said in a statement. “We are fortunate to be making this transition following the recent completion of a successful quarter, with a strong financial position and with a deep and experienced finance team in place.”
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