RadioShack names new CFO

FORT WORTH, Texas — RadioShack has announced the appointment of Dorvin Lively as CFO and chief administrative officer, effective immediately.

Lively joins RadioShack from Ace Hardware Corp., a 4,500-store national chain, where he served as SVPand chief financial officer from March 2008 to December 2010, and EVP and CFO since December 2010. At Ace Hardware, Lively was responsible for all financial operations, the field sales force, category management for retail operations and retail training methods and processes.

"Dorvin is a welcome addition to the RadioShack executive team," said Jim Gooch, RadioShack's president and CEO. "Because of his deep experience in retail and consumer goods, he will bring a valuable perspective as RadioShack pursues strategies in mobility, retail services and other growth platforms."

At RadioShack, Lively will be responsible for the company's finance, treasury, financial planning, investor relations, corporate communications, real estate, supply chain and dealer functions.

Before joining Ace Hardware, Lively held a range of positions and responsibilities in corporate finance at various retail and consumer-products companies. From 2004 to 2008, he served as EVP and CFO for Maidenform Brands, where he led the company through its initial public offering, implemented strong internal controls according to Sarbanes-Oxley requirements, and established a diversified outsourcing model for manufacturing.

Lively was SVP and corporate controller for Toys"R"Us from 2001 to 2004 and VPand corporate controller for Readers Digest Association from 1998 to 2001. Earlier in his career he served as VP, CFO and corporate secretary of Silverado Foods. He began his corporate career at Pepsi-Cola International Limited (U.S.A.) after working as a senior audit manager for the former Arthur Andersen LLP.



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