The US pet store chain Petco has announced that the company’s board of directors has appointed R. Michael Mohan to serve as interim chief executive officer. Ron Coughlin has stepped down as Petco's chief executive officer, chairman, and member of the board of directors. He will serve as an advisor to the board to support the leadership transition. The board is conducting a comprehensive search for a permanent CEO with the support of a leading global executive search firm.
Mohan is a highly accomplished and seasoned retail leader who has served on the Petco board since March 2021 and as lead independent director since July 2021. As the former president and chief operating officer of Best Buy Co., Inc., he was responsible for all aspects of global operations, including sales, merchandising, marketing, supply chain management, services, and new business initiatives across more than 1 000 stores and online channels worldwide.
