Dixons Carphone is on the hunt for a new group finance director, as Humphrey Singer steps down from the role. Singer has informed the board of his resignation as he moves to take up the position of CFO at Marks and Spencer. He will remain in the position until July 2018, but Dixons Carphone are wasting no time and have already began the search to fill the void.
Humphrey Singer said: “ I want to thank all the team at Dixons Carphone. It has been a privilege to work with so many passionate and talented people. I am exceptionally proud of the progress the Company has made over the last few years and wish Dixons Carphone great success in the coming years as they build on the foundations of a strong business.”
Meanwhile Ian Livingston, chairman said: “On behalf of the Board, I would like to thank Humphrey for his very significant contribution to both Dixons and Dixons Carphone. He has been an important part of the company’s achievements over the past 11 years. We wish him all the best in his new role.“
And Sebastian James, CEO, added: “Humphrey has played a vital role in the Dixons Carphone transformation. His deep understanding of retail, hard work, absolute integrity and good humour have made working with him both a pleasure and a privilege. He leaves the business in a healthy financial position and with leading market positions in every country in which it operates. On behalf of everyone at Dixons Carphone, I thank Humphrey most sincerely for his dedication and commitment to the business and wish him every success in his exciting new role.”
It is the latest change at the company, following last month’s announcement that it was appointing a new chairman of its Carphone Warehouse arm, as it looks to shake up its mobile division. Stepping down in his role as deputy CEO and board director of the company, Andrew Harrison assumes the role of chairman of The Carphone Warehouse Limited with immediate effect.
The appointment followed quick on the heels of CEO Seb James announcing that the company is having to rethink the mobile side of its business following a drop in sales during H1 of 2017. After announcing that mobile sales were down 3 per cent for the first half of the year in the UK, James admitted that that side of the business needed a shake up. James added that conversations with network providers were already underway to ‘unleather’ the retailer from existing contractual obligations.
“We know that the business needs some changes,” James said. “Some things have happened this year that have affected our numbers. It is not the end of the world but we need to adapt to the changing market.”