Exec named prexy, CEO of retailer
Retailer Camelot Music has upped Jack Rogers to prexy and chief operating officer. Rogers, a 13-year veteran of the company, takes the reins of the music industry’s fourth-largest retailer after having led it during a major reorganization and out of bankruptcy proceedings.
Rogers, who was previously exec veep and chief operating officer, will oversee the day-to-day operation of the company and steer its growth. He will continue to report to James Bonk, the chain’s chairman and CEO.
Bonk pointed to Rogers’ “exemplary management of Camelot’s reorganization process” as a factor in the promotion. Bonk said Rogers’ ascension will enable Bonk to “focus on the company’s growth and strategic direction and the continuing enhancement of shareholder value.”
The chain, like many of its competitors, fell victim to the slowing of music sales and an over-expansion of outlets and was forced to file for bankruptcy protection while restructuring its operation and lowering costs.
Rogers was appointed finance veep and chief financial officer in 1985 and became Camelot’s chief operating officer in January.
The Ohio-based Camelot runs nearly 500 stores in 37 states and Puerto Rico under Camelot Music, the Wall and Spec’s Music banners.