2nd Mar 2016 07:38
LONDON (Alliance News) - Discount retailer Poundland Group PLC on Wednesday named Kevin O'Byrne as chief executive to succeed current CEO Jim McCarthy, who is retiring.
O'Byrne will begin his role as chief executive designate on April 4 and will then become CEO on July 1. He was previously a director at electronics retailer Dixons Retail PLC, now Dixons Carphone PLC, and at DIY retailer Kingfisher PLC, where he was CEO of B&Q UK and Ireland.
He is also senior independent director at property development and investment company Land Securities Group PLC.
McCarthy has been CEO at Poundland since 2006.
"I am delighted that Jim is succeeded by an executive of Kevin's calibre. Kevin's retail experience, in both the UK and many international markets, together with his clear leadership skills, make him the outstanding candidate to lead the business as it continues to grow as a public company," Chairman Darren Shapland said in a statement.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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