San Diego — Petco Animal Supplies, Inc. has named Ron Coughlin as its new chief executive officer, effective June 18, 2018. Coughlin joins the company from HP Inc., where he served for 11 years, most recently as president of personal systems.
canada pension plan investment board
Rockville, Md. — Petco will be acquired for $4.6 billion by CVC Capital Partners (Luxembourg) and Canada Pension Plan Investment Board. The deal should close in early 2016. With its headquarters in San Diego, Petco had been taken private in 2006 in a $1.8 billion buyout by California-based private equity firms.