Client could be itchin’ for an agency change
Steve’s breakdown: Petco just picked up a HP exec as CEO. As you may know, HP is all over the map when it comes to ad agencies so we think everyone’s got a chance with this new guy.
BTW: I wouldn’t be saying this if the client stuck with the tear jerking “co” you can see at this link.
SAN DIEGO, CA: Petco Animal Supplies Inc. has tapped a tech executive as its new chief executive.
Petco named Ron Coughlin as CEO, effective June 18, replacing Brad Weston who has had the job since February 2016. Coughlin joins Petco from HP Inc., where he served for 11 years, most recently as president of Personal Systems.
Prior to joining HP, Coughlin spent 12 years at PepsiCo in a range of senior executive roles, including chief marketing officer of PepsiCo International Beverages.
“Ron has outstanding leadership experience with a consistent track record of driving strong growth and transformation at consumer-facing organizations,” said Christopher Stadler, managing Partner of CVC Capital Partners, which acquired Petco in a $4.6 billion buyout in February. “For the last 25 years, he has worked closely with the world’s top physical and online retailers.”
Petco’s departing CEO, Weston, joined the company in 2011 as president and chief merchant. He became CEO in February 2016
“We are greatly appreciative of the many valuable contributions that Brad Weston has made to Petco,” said Cameron Breitner, partner of CVC. “He is a very talented executive who has helped to establish a strong foundation for Petco’s bright future, and we are confident he will be successful in his future endeavors.”