John Browett, who has been battling to turn around the struggling Dixons Retail empire, is to quit the company to become Senior Vice President of Retail operations at Apple, the US consumer electronics giant.
The owner of the PC World and Currys chains said Browett will be succeeded by Sebastian James, who will join the group board on February 20th, the same day Browett steps down from the board. Browett will leave Dixons on April 20th following a hand-over period.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for youConsumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
