|[December 26, 2013]
hhgregg Announces Resignation of its CFO and Appointment of an Interim CFO
INDIANAPOLIS --(Business Wire)--
Indianapolis-based appliance and electronics retailer, hhgregg Inc. (NYSE:HGG)
today announced that the Board of Directors (the "Board") of
hhgregg, Inc. (the "Company") has accepted the resignation of Jeremy J.
Aguilar as the Chief Financial Officer (Principal Financial and
Accounting Officer) and Secretary of the Company, effective January 31,
2014. Mr. Aguilar is leaving to pursue a similar role at another Company.
Dennis May, President and CEO of hhgregg, stated, "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 tranition with a deep and experienced finance team in
The Board of Directors also announced that it will commence a search for
a new Chief Financial Officer. In the interim, Andrew S. Giesler, Senior
Vice President, Finance, has been appointed by the Board to serve as
interim Chief Financial Officer (Principal Financial and Accounting
Officer) and Secretary effective January 31, 2014 until a new Chief
Financial Officer and Secretary is appointed. Mr. Giesler, 36, has
served the Company in several roles since joining the Company in May
2007, including Senior Vice President, Finance, Vice President, Finance,
Vice President, Controller and Director of Finance and Investor
Mr. May commented, "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."
hhgregg is a specialty retailer of home appliances, televisions,
computers, tablets, wireless devices, consumer electronics, home
furniture, mattresses, fitness equipment and related services operating
under the name hhgregg™. hhgregg currently operates 228
stores in Alabama, Delaware, Florida, Georgia, Illinois, Indiana,
Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Jersey, North
Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, West
Virginia, and Wisconsin.
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