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HMV finance chief to depart too

By | 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.