Monday, 28 August 2017

Investors threaten to hang up on Dixons Carphone chief James

Leading shareholders in Dixons Carphone want directors to accelerate a search for its next boss after last week's shock profit warning wiped nearly a quarter off the company's stock market value.
Sky News has learnt that a number of top 10 investors in the retailer will press Lord Livingston of Parkhead, Dixons Carphone's chairman, to speed up succession planning amid growing pressure on Seb James, chief executive.

A search is already said to have been initiated by the board, although a person close to the company said it was simply part of "normal succession planning".

The demand from some investors is the first sign of genuine disgruntlement ‎with the mobile phone and electrical goods chain's leadership since the £3.8bn merger of Dixons Retail and Carphone Warehouse in 2014.

SKY     News.

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