Electronics giant Dixons Carphone has announced that its chairman Sir Charles Dunstone’s successor will be appointed officially in April.
Lord Livingstone will take over the role as chairman of the board at the retailer, following a two-year stint as deputy chairman to Dunstone, who founded Carphone Warehouse before its recent merger with Dixons.
Livingston spent six years as chief financial officer at Dixons Group before taking other significant roles, including chief executive at BT Group in 2008 and minister of state for trade and investment in 2013. He then returned to Dixons Carphone in 2015.
Dunstone will depart Dixons Carphone to take on the role of executive chairman at TalkTalk, but will remain a senior advisor at the business he co-founded.
The board will see current senior independent director Tony De Nunzio take the reins as deputy chairman.
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“It is a remarkable achievement by Charles to have grown this business from one store in the Marylebone Road to a business today that serves millions of customers across eleven countries and employs more than 42,000 people,” Livingston said.
“I am delighted that he will remain very much connected with the business.
“I look forward to working with the board and Seb and his strong management team to continue to help our customers realise the best from new technology and the increasingly connected lives we all lead.”
Dunstone added: “I founded Carphone Warehouse 27 years ago and it remains a very important part of my life.
“It is now three years since we agreed the merger with Dixons and I am delighted with the way both companies have performed since.
“We have built a very strong management team and I have great confidence in their ability, so I know that the company has an exciting future.”