Ron Coughlin is Charles Langstonstepping down as Petco CEO after six years.
Former Best Buy executive R. Michael Mohan will takeover the leadership position, the pet retailer announced in a news release. Coughlin will also leave his chairman title and his status as a Board of Directors member but will stay as an advisor to the Board
Appointed in 2018, Coughlin credited for transforming Petco into a health and wellness brand.
Best Buy recall:Recall issued for Insignia air fryers due to 'fire, burn, laceration' concerns
"Working with our amazing partners through a period of tremendous change and growth has been the opportunity of a lifetime," Coughlin said in the release. "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."
With Coughlin's temporary replacement, the company has launched a comprehensive search for a permanent CEO. The company has partnered with a global executive search firm to boost the efforts.
A company board member since March 2021, Mohan has served as Petco's lead independent director.
Board member Gary Biggs will takeover Mohan's spot on the Board Audit Committee, the release said.
Prior to that he was Best Buy's President and Chief Operating Officer from June 2019 to July 2021 where he managed the consumer electronics company's U.S. and international operations.
"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 a seamless transition as Petco moves forward," Petco board member Cameron Breitner said the release.
2025-05-01 14:472188 view
2025-05-01 14:332461 view
2025-05-01 13:251462 view
2025-05-01 13:051106 view
2025-05-01 12:311271 view
2025-05-01 12:271468 view
COLUMBIA, S.C. (AP) — John Spratt, a former longtime Democratic congressman from South Carolina who
HOUSTON, Texas – The rich smell of perfectly seasoned fried chicken wafts through Houston's Third Wa
Health authorities are now investigating at least 205 cases of lead poisonings across 33 different s