RadioShack Hires Advisory Firm
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NEW YORK (AP) - RadioShack is bringing in FTI Consulting as an adviser in the midst of another round of cost cuts as the troubled electronics retailer warned again last week that it may have to seek bankruptcy protection.
The company said Tuesday that Carlin Adrianopoli, a senior managing director with FTI's corporate finance and restructuring service, will take over as interim chief financial officer at RadioShack. Holly Etlin, who became interim CFO in September, will no longer serve in that position.
The company hired former Treasury Department adviser Harry Wilson to help with its turnaround efforts in late October.
Last week, RadioShack Corp. posted wider third-quarter losses and said it would boost earnings by changing store hours and staffing, altering overtime practices and cutting its field manager staff.
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