Radio Shack 2010 Annual Report Download - page 7

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RADIOSHACK CORPORATION 5
After serving as your Chairman and CEO for almost five years, I will retire from RadioShack,
effective at the annual meeting of shareholders in May 2011. At this time, our Board of
Directors will implement RadioShack’s established succession plan, which includes dividing
the duties of chief executive officer and chairman, designating Presiding Director Dan Feehan
as non-executive chairman of the Board, and naming Jim Gooch as chief executive officer.
Dan has been the presiding director for the independent board members for the last four
years and has been an invaluable sounding board and advisor to me. Jim, whom I have
worked with for nearly 10 years, is an excellent leader with outstanding analytical abilities.
I am confident that both Jim and Dan will continue to provide expert guidance to steer
RadioShack’s progress in the future.
I firmly believe that the future holds great opportunity for our Company, due in part to the
significant progress we have made in recent years. During this time, the U.S. business
landscape has undergone significant change — in technology, competitive drivers, corporate
governance and, of course, the state of the economy. Despite these pressures, RadioShack
has grown strong and built a solid platform for continued growth. These accomplishments
have been driven by our more than 35,000 associates, who consistently deliver excellent
service to our customers, despite the rapid pace of technological change that has steadily
intensified the complexity within our marketplace, spawning more device choices, capabilities
and options than ever before. In 2010, our associates helped customers — in more than
100 million transactions — navigate these choices and select the right technology and
connectivity solutions for their lives, securing RadioShack’s position as an authority in the
mobility sector.
As I conclude my tenure at RadioShack, I am deeply grateful for the support of our constituents
— including shareholders, employees and partners — and sincerely proud of what we have
accomplished. Together, we have not only weathered the worst economic storm in recent
memory, but we have also emerged as a more powerful organization with a stronger balance
sheet, a more effective brand positioning, and a brighter outlook for continued growth and
prosperity in the future.
Julian C. Day
Chairman and Chief Executive Officer
DEAR SHAREHOLDERS: