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HMV appoints new Finance Director

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Beleaguered retailer HMV has today announced the appointment of Best Buy Europe’s Chief Finance Officer Ian Kenyon as its Financial Director.

Yesterday, the group announced that current FD David Wolffe is to stand down from his post next month after ensuring a smooth handover.

Kenyon joins HMV from his current post at Best Buy Europe, the joint venture from retailers Carphone Warehouse and Best Buy and has previously worked in senior roles at Carpetright, Sainsbury’s and Kingfisher.

“I am delighted to welcome Ian to HMV on behalf of the management team and the Board,” Phillip Rowley, HMV Group Chairman said.

“He brings with him very valuable experience of working with some very well-run companies and I look forward to working with him.

“I would like to thank David Wolffe for his contribution to HMV, particularly helping guide the company through a turbulent time towards a profitable future.”

The new appointment will take effect from September 3rd 2012, the same day that CEO Simon Fox will be succeeded by ex-Jessops CEO Trevor Moore following news of his departure last week.

In recent times, HMV has struggled to maintain its position in a highly competitive and ever-evolving market and is implementing strategies to improve its offering.

Today, the retailer also announced that technology provider Tradedoubler will work closely with ad agency OMD to deliver multichannel growth through an affiliate marketing programme as it ramps up its online offering amid stiff competition from leading pure play e-tailer Amazon.

Commenting on his appointment, Kenyon said: “I am looking forward to building on the positive achievements made by the last management team.”

Published on Tuesday 07 August by Editorial Assistant

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