boston.com Business your connection to The Boston Globe

RadioShack CEO quits amid inquiry

FORT WORTH -- RadioShack Corp.'s embattled president and chief executive, David Edmondson, resigned yesterday following questions about his résumé's accuracy.

The electronics retailer said in a statement that its board accepted his resignation and had promoted Claire Babrowski, who most recently served as executive vice president and chief operating officer, to acting CEO.

The Fort Worth-based company said last week that it would hire outside lawyers to investigate Edmondson's résumé, including claims that he earned two college degrees for which the school he attended has no records.

Yesterday, Edmondson issued a brief statement but did not discuss his résumé.

''At this time the board and I have agreed that it is in the best interest of the company for new leadership to step forward so that our turnaround plan has the best possible chance to succeed, as I know it will," he said.

Edmondson had claimed that he received degrees in theology and psychology from Pacific Coast Baptist College in California, which moved in 1998 to Oklahoma and renamed itself Heartland Baptist Bible College.

Edmondson is also scheduled to stand trial in April on charges of driving while intoxicated.

SEARCH THE ARCHIVES
 
Today (free)
Yesterday (free)
Past 30 days
Last 12 months
 Advanced search / Historic Archives