Appliance and electronics retailer, hhgregg Inc. has announced that its board of directors has accepted the resignation of Jeremy Aguilar as CFO and company secretary, effective January 31, 2014. Aguilar, hhgregg stated, will assume a role similar to his present position at another company.
The board also announced that it would begin a search for a new CFO. In the interim, Andrew Giesler, hhgregg senior vp/finance, will act as interim CFO and secretary, effective January 31. He will remain in that position until a new CFO and secretary is appointed, the retailer noted.
Dennis May, hhgregg president and CEO, stated in announcing the change, “I would like to thank Jeremy for his leadership and many contributions to hhgregg over the past eight years. Jeremy has been an instrumental member of our leadership team and helped support the growth of the company’s store base as we work toward becoming a national retailer. We are fortunate to be making this transition with a deep and experienced finance team in place. Andy Giesler is a talented and experienced finance executive, and I am confident he will lead the transition effectively. The company continues to pursue its key business strategies, and Andy has been and will continue to be an important part of my team.”