Finance
UK Electricals Retailer Currys CEO to Step Down
Published by Global Banking & Finance Review®
Posted on March 26, 2026
1 min readLast updated: March 26, 2026
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Company
Published by Global Banking & Finance Review®
Posted on March 26, 2026
1 min readLast updated: March 26, 2026
Add as preferred source on GoogleCurrys CEO Alex Baldock, after eight years in the role, is stepping down to pursue an external opportunity. The board will conduct a transition with no firm timetable, amid resilient trading and reaffirmed annual profit guidance.
March 26 (Reuters) - British electricals retailer Currys on Thursday said its Chief Executive Alex Baldock intends to step down after eight years in the role to take a new external position.
Baldock will remain in his role during a transition period while the board searches for his successor, considering both internal and external candidates, with the company providing no timeline for the appointment.
The leadership change comes at a challenging time for retailers grappling with weakening consumer spending in Britain, as the conflict in the Middle East has raised the prospect of higher inflation.
Currys, however, reaffirmed its annual profit expectations and said current trading remains in line with forecasts.
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Sonia Cheema)
Alex Baldock is stepping down to take a new external position after eight years as CEO.
Yes, he will remain in his role during a transition period while the board searches for his successor.
No, the company has not provided a timeline for the appointment of a new CEO.
Currys reaffirmed its annual profit expectations and said current trading is in line with forecasts.
UK retailers are grappling with weakening consumer spending and potential inflation due to Middle East conflict.
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