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By Bloomberg

RadioShack Corp., the electronics retailer that saw its shares plunged yesterday amid concern it’s headed for default, replaced its interim chief financial officer with another temporary executive as it tries to generate enough capital to survive.

Carlin Adrianopoli, 39, a senior managing director in the restructuring practice of FTI Consulting, will take the role on an temporary basis, according to a filing from the Fort Worth, Texas-based RadioShack today. He succeeds Holly Etlin, managing director at advisory firm AlixPartners, who took the job, also on an interim basis, in September. Both have experience with distressed companies.

RadioShack, which has reported 11 straight quarterly losses, on Dec. 12 warned investors that it’s running out of cash. The retailer is also fighting with lenders and through yesterday’s close its stock had fallen 85 percent this year, reducing the company’s market value to less than $40 million.

“If we do not improve our cash flow from operations and refinance our existing debt, we may not have enough cash and working capital to continue to fund our operations beyond the near term, which raises substantial doubt about our ability to continue as a going concern,” the company said in the Dec. 12 filing.

RadioShack has registered to sell rights for as much as $120 million in convertible preferred shares, aiming to generate fresh funds. RadioShack had $43.3 million in cash and equivalents at the end of last quarter, part of $62.6 million in total liquidity. That’s down from cash of $316.4 million a year earlier.

Etlin had served as chairman of the Turnaround Management Association. FTI, where Adrianopoli works, provides management and performance improvement services to corporations. He will continue to be compensated by FTI, according to today’s filing.