SAN FRANCISCO, Oct. 2 /PRNewswire/ -- Good Guys (Nasdaq: GGUY), a leading
specialty retailer of consumer entertainment electronics, today announced that
Robert A. Stoffregen has been appointed chief financial officer and vice
president of finance.
Stoffregen, 51, has more than 22 years of retail and finance experience,
including 12 years at Deloitte & Touche, where he was a partner from 1985 to
1991, and three years as chief financial officer for high-end specialty
retailer The Sharper Image. In addition, Stoffregen has assisted a broad
range of retail start-up companies in areas including strategy development,
financing and corporate planning.
"The addition of a seasoned financial executive with extensive experience
in both a retail and entrepreneurial environment further strengthens our
senior management team while bolstering our ability to guide Good Guys through
the next evolution of our business," said Ronald A. Unkefer, founder, chairman
and chief executive officer, Good Guys. "Bob's expertise in implementing
business and financial strategies and managing for long-term growth will allow
Good Guys to fortify our financial position and plan effectively for the
future."
Stoffregen began his career with Deloitte & Touche in 1976 where he rose
to the level of partner in the firm's retail specialty group and advised
clients including Good Guys, The Sharper Image, ComputerLand and Ross Stores.
From 1991 to 1994, Stoffregen served as senior vice president and chief
financial officer of The Sharper Image. Since 1994, Stoffregen has served as
chief financial officer for companies that include the California Culinary
Academy, Radical Entertainment and ZapMe! Corporation. Stoffregen is a
certified public accountant and holds a juris doctorate from William Mitchell
College of Law.
"The strength of the Good Guys' brand and the loyalty of its customer base
coupled with the exploding demand for digital and high-tech products provide
an exciting opportunity to take the company to the next level," said
Stoffregen. "I look forward to continuing the work that has already begun to
further strengthen Good Guys' value proposition to customers, vendors and
shareholders and setting a new standard for the company's financial
performance."
Stoffregen's appointment is effective immediately. The position of chief
financial officer had been vacant since May 1999 and was filled on an interim
basis while the company conducted a nationwide search.
Good Guys is a leading specialty retailer of consumer entertainment
electronics, offering a distinctive selection of fully featured digital and
high-tech products from more than 100 of the world's most respected
manufacturers. Founded in 1973, Good Guys currently operates 79 stores in
California, Nevada, Oregon and Washington. For more information, visit
http://www.goodguys.com.
To the extent this news release contains forward-looking statements, such
statements are subject to risks and uncertainties, including, but not limited
to the successful implementation of the Company's current restructuring
program, increases in promotional activities of competitors, changes in
consumer buying attitudes, the presence or absence of new products or product
features in the Company's merchandise categories, changes in vendor support
for advertising and promotional programs, changes in the Company's merchandise
sales mix, and economic conditions.
CONTACT: Kristen Lark of Good Guys, 214-220-2484, klark@goodguys.com.
SOURCE Good Guys
 back to top
Related links:
http://www.thegoodguys.com
Company News On-Call:
http://www.prnewswire.com/comp/108403.html or fax,
800-758-5804, ext. 108403
CONTACT:
Kristen Lark of Good Guys, 214-220-2484,
klark@goodguys.com
|
