Edmondson admits to falsifying degree
The chief executive of US electronics retailer RadioShack has resigned after admitting he had lied about his educational record when he joined the company 12 years ago.

David Edmondson's departure comes amid growing pressure following RadioShack's poor performance. The retailer is the third-largest electronics specialist in the US.

Edmondson became chief executive in May but the board requested and accepted his decision to resign after they heard he had not obtained a Bachelor of Science degree from Pacific Coast Baptist Bible College, as stated when he first joined the company.

Claire Babrowski, who most recently served as executive vice-president and chief operating officer, will act as chief executive. She will retain her title of chief operating officer.

Leonard Roberts, chairman and Edmondson's predecessor, said: 'Edmondson recognised that major distractions for the company could negatively have an impact on its efforts to implement the company's turnaround strategy. Undoubtedly, this was a tough decision.

'Previously announced outside investigation related to Edmondson's résumé will not continue,' he confirmed.

Before joining RadioShack last year, Babrowski spent 30 years at McDonald's, where she was senior executive vice-president and chief restaurant operations officer.

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