Jan 19, 2018

Dixons Carphone chief to leave for Walgreens

The chief executive of Dixons Carphone - the UK smartphone retailer that warned last year about a slowdown in the mobile phone market - is ringing off. The company announced late Friday that Sebastian James will step down at the end of the financial year after six years in the top job. He will be joining pharmacy chain Walgreens Boots Alliance later this year, the company said. In December, it said it will overhaul the way it sells smartphones, revising down its full-year earnings estimates for the second time that year. "It has been an enormous privilege to lead this business and to work with such passionate and committed colleagues over the last few years. Together, I think that we can be very proud of the profound transformation that we have seen in Dixons Carphone and the sound footing, customer affection, and place in the world that it now enjoys. I offer my most sincere thanks to Ian, the Board and my colleagues for their support and friendship over these years. I will be very sad to leave, tempered only by the fact that I know that Alex will do a terrific job of leading the company and driving it on to new heights."

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