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Petco hires HP exec as CEO

Petco Animal Supplies Inc. stated Wednesday it had employed Ron Coughlin as leader govt. Coughlin had been the president of HP Inc.'s HPQ, -0.34% personal-computer business; HP announced previous Wednesday afternoon that Coughlin had authorised a CEO place in San Diego, but did not title the corporate. Petco, a retail chain that sells pet supplies, had deliberate an initial public offering in 2015, but instead authorised a $four.6 billion buyout to stay private.