hh Gregg Headquarters

INDIANAPOLIS, Feb 17, 2009 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics retailer, hhgregg Inc. (NYSE:HGG) today announced that it will implement the Company's succession plan by naming longtime President and Chief Operating Officer Dennis L. May as the Company's new President and Chief Executive Officer, effective at the Company's Annual Meeting of Shareholders in August. Current Chief Executive Officer Jerry W. Throgmartin will become Executive Chairman of the Board and continue to play an important role in shaping the Company's vision and strategy. The Company also announced that Chief Financial Officer Donald J.B. Van der Wiel is leaving hhgregg to pursue other opportunities and that it will commence a search for a new Chief Financial Officer.

"I am very pleased to announce that Dennis will assume the role of President and CEO of hhgregg, implementing our anticipated succession plan," said Mr. Throgmartin. "I have worked closely with Dennis for the past 10 years and have tremendous respect for his abilities and confidence in his leadership and I look forward to continue working closely with him in my new role. As a significant shareholder with a family relationship that dates to the Company's founding 55 years ago, I am transitioning to this new role secure in the belief that I can effectively work with Dennis to continue to foster our unique culture and unmatched focus on providing superior customer service, while at the same time, maintain a disciplined, strategic approach to building hhgregg into the future."

View the entire hhgregg Press Release.

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