This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Business News HMV Timeline Industry People Retail
HMV finance chief to depart too
By CMU Editorial | Published on Monday 6 August 2012
HMV has confirmed that the company’s Finance Director is to follow CEO Simon Fox’s lead in leaving the flagging entertainment retail company.
A spokesman told The Independent that finance chief David Wolffe “has indicated his intention to leave the company”, just eighteen months after joining, but that he “will remain with the company until a successor is appointed to ensure a smooth handover”.
Fox revealed last week that he was stepping down after a bumpy six year ride heading up the HMV Group, a period during which the CEO tried to reinvent the company to capitalise on its strong brand, only to be forced to refocus on the firm’s shrinking high street business by money lenders.