Leading electricals retailer Dixons Retail has announced today that the Chairman of its Audit Committee and Senior Independent Director Andrew Lynch is to step down.
Jock Lennon, an ex-senior partner at accountancy firm Ernst & Young, is to join the group as his replacement in January, with the official date of Lynch’s retirement set for May 9th 2012.
Lynch has had a long career in finance before joining the Dixons board in 2003, having previously led food service group SSP through its divestment from Compass Group, of which he was a former Group Finance Director.
He started his career at KPMG and then went on to hold a series of corporate finance and financial management positions at Prudential Corporation.
John Allan, Chairman of Dixons, commented: “Andrew Lynch has served on the board for nearly nine years and I would like to thank him for his excellent contribution during this period.
“I am delighted that Jock Lennox has agreed to join our board and take over from Andrew as Audit Committee Chairman. Jock has a wealth of financial experience from his time at Ernst & Young and chairing a number of other audit committees.”
Lennox joins Dixons next month as a non-executive director having formally retired from Ernst & Young in 2009 after 30 years of service for the firm.
In the last two years Lennox has held non-exec roles at a number of businesses and, along with being a council member of the Institute of Chartered Accountants of Scotland, he is currently Chairman of quoted companies Mucklow Group, Enquest, Hill and Smith Holdings and Oxford Instruments.