Petco CEO Ron Coughlin is out, former Best Buy exec to step in as interim chief executive [CNBC]
Petco Health and Wellness Company, Inc. - Class A (WOOF)
Last petco health and wellness company, inc. - class a earnings: 7/26 04:00 pm
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Source: CNBC
Michael Mohan will take over as interim chief executive as the company searches for a permanent replacement. Coughlin will serve as an advisor to the board to “support the leadership transition.” In a statement, Coughlin said he's proud of the work he's done over the last five years. “Working with our amazing partners through a period of tremendous change and growth has been the opportunity of a lifetime,” said Coughlin. “I am proud of the differentiated business model we've built that delivers the very best for pets, which positions the Company well for the future.” Mohan has been on the company's board since March 2021. He previously served as lead independent director, a role he will shed as he takes over the interim CEO post. He's also a former chief operating officer and president of Best Buy. “Mike's highly successful track record across multiple segments of the retail industry, deep knowledge of Petco and strong operational skills make him the ideal executive to ensure
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