Petsmart PETM (NASDAQ) appointed Lawrence Molloy senior vice president and chief financial officer, effective late September. Molloy will be the principal fin
ancial officer and will lead all areas of finance including analysis, planning, compliance and reporting, as well as business and financial strategy. He will report to Phil Francis, chairman and chief executive officer. He succeeds Tim Kullman, who resigned earlier this year. Molloy joins PetSmart after four years at Circuit City Stores Inc., including the last year as vice president and chief financial officer of retail.
Molloy's appointment comes as Petsmart appears to have acknowledged potential financial problems associated with the earlier tainted dog and cat food scandal that hurt pets all over. Earlier today, Michelle Leder in her Footnoted.org blog wrote a piece on Petsmart where she referred specifically to a recent SEC filing the company made last Friday regarding potential financial difficulties the company might face with lawsuits associated with the pet food scandal. Is Molloy's appointment a coincidence to Petsmart's Friday SEC filing?
For more on the change see:
Forbes
ancial officer and will lead all areas of finance including analysis, planning, compliance and reporting, as well as business and financial strategy. He will report to Phil Francis, chairman and chief executive officer. He succeeds Tim Kullman, who resigned earlier this year. Molloy joins PetSmart after four years at Circuit City Stores Inc., including the last year as vice president and chief financial officer of retail.Molloy's appointment comes as Petsmart appears to have acknowledged potential financial problems associated with the earlier tainted dog and cat food scandal that hurt pets all over. Earlier today, Michelle Leder in her Footnoted.org blog wrote a piece on Petsmart where she referred specifically to a recent SEC filing the company made last Friday regarding potential financial difficulties the company might face with lawsuits associated with the pet food scandal. Is Molloy's appointment a coincidence to Petsmart's Friday SEC filing?
For more on the change see:
Forbes
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