Julian C. Day

DEFINITION of 'Julian C. Day'

The CEO and chairman of technology retailer Radio Shack since July 2006 and a former CEO and president of mass merchandiser Kmart Corp. After joining Kmart as its COO and president in 2002, he rose to CEO in January 2003. Day helped Kmart strengthen its balance sheet, improve profitability and liquidity, reduce debt, secure exit financing and decrease operating costs. One of his strategies was to decentralize decision making so store managers had more control over their inventory purchases. He stepped down as Kmart's CEO in October 2004.

BREAKING DOWN 'Julian C. Day'

Day was born in England in 1952 and educated at Oxford and the London Business School. He began his career with consulting firm McKinsey & Company in 1980 and went on to work at Chase Manhattan Bank and at asset manager Kohlberg, Kravis, Roberts & Co. His first C-level position was at Safeway (North America), where he became CFO in 1993 and later executive vice president. He dramatically improved the company's share price, earning a reputation as a turnaround specialist. He then joined Sears, Roebuck and Co. in 1999, where he held the same positions.



RELATED TERMS
  1. Jamie Dimon

    The chairman, CEO and former president of JPMorgan Chase & ...
  2. E. Linn Draper Jr.

    A former chairman, CEO and president of Ohio-based public utility ...
  3. David M. Cote

    The CEO and chairman and former president of Honeywell International. ...
  4. John T. Dillon

    A former president, chairman and CEO of International Paper Co., ...
  5. Alston D. Correll

    A former CEO and chairman of Atlanta-based paper and building ...
  6. Thomas J. Engibous

    A former chairman, CEO and president at electronics company Texas ...
Related Articles
  1. Stock Analysis

    Kmart Starts the Holiday Shopping Season Earlier (SHLD)

    Kmart, which is owned by Sears Holdings (NASDAQ: SHLD), wants shoppers to start the holiday season well before Halloween. The company has introduced two new payment options designed to help ...
  2. Investing

    Painful but Necessary: Wal-Mart's Plan to Avoid Becoming the Next Kmart & Sears (WMT, SHLD)

    Wal-Mart has been making massive investments to avoid the problems that K-Mart and Sears faced.
  3. Stock Analysis

    Sears Closing 78 Stores, Mostly K-Marts, This July

    The sad, slow dismantling of two classic American brands continues as Sears Holdings (NYSE: SHLD) has announced plans to close 78 more stores. Most of those closings will be in the company's ...
  4. Professionals

    America's Top CEOs and Their College Degrees

    You might expect all of America's top CEOs to have a business degree from an Ivy League school, but they hail from a variety of academic backgrounds.
  5. Professionals

    The Path To Becoming A CEO

    Think you have what it takes to be chief executive? Find out what those at the top have in common.
  6. Investing

    What CEOs Actually Do

    CEOs are responsible for the overall operation of a business, and are usually elected by shareholders and the board of directors.
  7. Personal Finance

    The History And Future Of Sears

    Sears has suffered major setbacks in recent months, but the company's future may be in its real estate assets.
  8. Professionals

    What Does a Chief Operating Officer (COO) Do?

    The Chief Operating Officer (COO) is usually considered the second-in-command at most corporations.
  9. Retirement

    Pages From The Bad CEO Playbook

    Excess compensation, golden parachutes, tunneling and IPO spinning make these bad executives even worse.
  10. Personal Finance

    CEO Savvy And Stock's Success Go Hand In Hand

    A CEO shapes the direction a business will take. We provide four clues to help you determine which ones have the right stuff.
RELATED FAQS
  1. What is the difference between a president and a chief executive officer? Can there ...

    In general, the chief executive officer (CEO) is thought of as the highest ranking officer in a company while the president ... Read Answer >>
  2. What stock factors should you consider when a company makes a CEO change?

    Learn about factors affecting the price of stock following a change in CEO. Explore why a change in CEO may be positive or ... Read Answer >>
  3. What are the different ways a CEO could influence stock prices?

    A CEO's influence on a stock price reflects the company's growth strategy and outlook, its financing needs and decisions ... Read Answer >>
  4. How are C-suite officers measured on performance?

    Find out how C-suite officers are evaluated. Learn about the evaluation process, what makes traits a CEO should exhibit and ... Read Answer >>
  5. What is Tim Cook's career and educational background? (AAPL)

    Discover where Tim Cook studied and worked before joining Apple and what roles he played in the company before taking over ... Read Answer >>
  6. What are the main communication points between a CFO and a CEO?

    Explore key communication points between CEOs and CFOs. Learn how each of these officers has a fiduciary duty to stockholders, ... Read Answer >>
Hot Definitions
  1. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  2. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  3. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  4. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  5. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  6. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
Trading Center