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Circuit City Financial Chief Foss To Leave In April For Petco
Published:
Friday, 23 Feb 2007 | 9:57 AM ET
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By: CNBC.com
Circuit City Stores [CC
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] Chief Financial Officer Michael Foss will leave the home-electronics retailer in April to go work as chief financial officer of privately held Petco Animal Supplies.
Circuit City said Friday it has begun a search for a replacement.
Foss, 49, will remain on the Circuit City board until the annual meeting in June. He has been with the retailer for three and a half years.
Earlier this month, Circuit City announced plans to close stores and shake up its merchandising team in a move to improve its financial performance after suffering through a grueling price war on flat-panel television sets.
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