MAEVA Group To Provide Advisory Services To RadioShack

RadioShack Corporation RSH announced today that The MAEVA Group will provide advisory services to RadioShack's Board of Directors and management as the Company moves forward with its operational and financial turnaround. Harry J. Wilson, founder and CEO of The MAEVA Group, will serve as the Chief Revitalization Officer of RadioShack, reporting to RadioShack Chief Executive Officer Joe Magnacca and the RadioShack Board. Prior to founding MAEVA, Mr. Wilson served as a senior advisor in the United States Department of the Treasury and was a senior member of the Auto Task Force, which was responsible for the Treasury's role in the restructuring of General Motors and Chrysler. Mr. Wilson led a team responsible for the business and financial work of the Task Force and also led a team overseeing the financial and operational restructuring of General Motors, the largest in American history. "Harry Wilson's experience in guiding companies through successful turnarounds speaks for itself and will be extremely valuable as we continue our efforts to revitalize the Company. We welcome his insight and involvement," said CEO Joe Magnacca. "RadioShack remains an important retailer serving many key markets. While challenging secular trends have undermined its performance in recent years, we believe that there is a great deal of opportunity ahead of it. We look forward to working with the management team, the Board, customers and vendors to help address these issues as quickly as possible and to revitalize the company," said Harry Wilson.