CompUSA has formalized plans for a comprehensive restructuring that brings with it significant upper level management changes and several store closures.
The company said in a statement today that in order to better compete in the market, CompUSA is overhauling its company structure, streamlining operations and reducing expenses.
"We understand that our company must make comprehensive changes to better compete in today’s marketplace,” says CEO Roman Ross. “Our realignment strategy addresses the steps we must take to increase profitability in the current retail landscape.”
To improve financial performance, the company has realigned its executive leadership team and will implement a strategy to streamline store operations. A key component of CompUSA’s business strategy will focus on maximizing margins in its top performing stores.
Gabriela Villalobos has been named Executive Vice President, Sales and Operations, taking over in the wake of Brian Wood, EVP and General Merchandise Manager, who reportedly left the company part of the overhaul. Villalobos will be responsible for store, services, small business and e-commerce sales. On an interim basis Villalobos will oversee merchandising and marketing.
Chief Financial Officer Todd Whitbeck is also exiting CompUSA and being replaced by Mike Bryk, formerly Vice President of Finance and Accounting. Bryk has been with CompUSA since 1993 and has filled the role of vice president since 1998.
Also, included in the restructuring plans announced today is the closure of four stores -- two in California and one each in Texas and Illinois.
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