Gregg Throgmartin has resigned as executive vp and COO of hhgregg, Inc. According to an announcement from the retailer’s board of directors, his resignation becomes effective on March 31, when he will leave the company to pursue outside interests and manage family businesses.
Dennis May, hhgregg president and CEO, commented on the resignation saying, “I would like to thank Gregg for his leadership and many contributions to hhgregg over the past 13 years. Gregg 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.”
Throgmartin stated, “I want to thank hhgregg for everything the company has meant to both my life and career. I believe that the company is in great hands and that the strategic initiatives the company is embarking on will continue to make the company prosperous. I wish the company the best in its future endeavors.”
Throgmartin is part of hhgregg’s founding family, according to a published report.
The retailer’s board announced that it would commence a search for a new COO. In the interim, other company operations officers will fulfill Throgmartin’s responsibilities, the board noted.