The embattled president and CEO of RadioShack resigned. David Edmondson came under fire after admitting to errors in his resume. A statement says RadioShack's board accepted the resignation after mutual discussions on what's best for the company. The board then promoted Executive Vice President and Chief Operating Officer Claire Babrowski to President and acting CEO.
Edmondson drew fire last week over a resume that said he earned degrees in theology and psychology from Pacific Coast Baptist College in California. The school, which relocated to Oklahoma and renamed itself Heartland Baptist Bible College in 1998, said Edmondson only completed two semesters. The school also never offered psychology degrees. The resume flap was first reported by the Fort Worth Star-Telegram.