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RadioShack CEO Gooch steps down, CFO to step up as temporary chief

FORT WORTH, Texas -- RadioShack CEO James Gooch has agreed to step down immediately and is leaving its board of directors, the struggling consumer electronics company said Wednesday.

Chief Financial Officer Dorvin Lively will serve as its interim CEO while it looks for a permanent replacement, the company said.

RadioShack Corp. said that it is in the process of hiring an executive search firm to help find a new CEO and that it may consider both internal and external candidates. Gooch became its CEO in May 2011 as part of the company's succession plan. Gooch, who joined RadioShack in 2006 as its CFO, took over as CEO when Julian Day retired.

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