Home electronics retailer hhgregg has named Robert Riesbeck as the company’s new president and CEO. He was appointed interim president/CEO in February and will remain in the role of chief financial officer until a replacement is named.
Prior to joining hhgregg in 2014, Riesbeck served as operations executive/group CFO at Sun Capital Partners, where he was responsible for financial and operations oversight of a diverse group of portfolio companies with combined revenues exceeding $5 billion. Prior to Sun Capital, he was CFO of Marsh Supermarkets and also served in upper management positions with American Golf Corporation, Nike and Grant Thornton.
“Over the past six months, we have made progress toward our top company goal of driving sales growth through our focus on appliances, furniture and large, premium televisions,” Riesbeck said. “The team we put in place over the last 12 months will continue to build on this momentum to achieve our company’s growth and profitability goals and drive the long-term shareholder value of hhgregg.”