RadioShack Corp. has appointed two new executives to its staff as another executive announces his retirement.<br /><br />Paul Rutenis is the new senior vice president and chief merchandising officer, and Janet Fox is the senior vice president of global sourcing.<br /><br />The Fort Worth-based electronics retailer appointed the executives to help with the company’s strategy to revamp its product assortment, reinvigorate stores and increase operational efficiency as part of the turnaround effort.<br /><br />RadioShack (NYSE: RSH) also announced the retirement of Martin Road, vice president-controller, who served the company for 34 years. He will retire Dec. 27 and will be replaced by William R. Russum, who also will serve as the retailer’s principal accounting officer.<br /><br />Rutenis comes from J.C. Penney Co. Inc., which also is working on a turnaround strategy, where he served as senior vice president and general merchandising manager for the home division. He has 22 years of merchandise experience including in senior positions at Dick’s Sporting Goods and Foley’s Department stores. Rutenis will be responsible for helping to drive a clear merchant strategy and alignment with sales, marketing and operational divisions.<br /><br />Fox has about 30 years in retail sourcing, and most recently served as a senior vice president for Under Armour Inc. Before joining Under Armour, she also worked at J.C. Penney as the senior vice president and director of sourcing. Fox will be in charge of the company’s global supplier partnerships, optimization of sourcing and international trade relationships.<br /><br />The announcement comes the same day RadioShack reported a $112 million loss in its third quarter.