TechTaffy

tech:

taffy

RadioShack Hires Former Walgreens EVP As New CEO

By TechTaffy Desk

radioshack

[Techtaffy Newsdesk]

RadioShack has appointed Joseph C. Magnacca CEO, effective February 11. Mr. Magnacca has also been named a member of RadioShack’s board of directors.

Mr. Magnacca, 50, is currently executive vice president and president of Daily Living Products and Solutions for Walgreen, where he oversees all of Walgreen’s marketing and merchandising operations across more than 8,000 stores. He has also been responsible for the integration of the Duane Reade drugstore chain. He was president of Duane Reade at the time of its acquisition by Walgreens in 2010, and before that chief merchandising officer.

Mr. Magnacca’s previous experience includes merchandising and marketing roles at two of Canadian retail chains. He spent seven years as senior vice president at Shoppers Drug Mart, and fifteen years at Loblaw, where he began his career.

Just in

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.