| Carpetright FD poached by Carphone Warehouse |
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| Tuesday, 05 February 2008 | |
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Carpetright plc has reported that Ian Kenyon, the group finance director, has resigned his position to become chief financial officer of the Retail & Distribution Division of The Carphone Warehouse plc.
Kenyon will leave on 29 February 2008. An interim finance director has been appointed and the firm said the process to find a permanent successor is already underway. Lord Harris, chairman and chief executive of Carpetright, said, “Ian has done an excellent job for Carpetright and has been an important member of the senior team. We know though that The Carphone Warehouse offers him a great opportunity to further develop his career and wish him every success in this new position.” Specialist carpet and floor coverings retailer Carpetright plc (LSE:CPR) has over 650 stores. It published an interim management statement covering the 13 weeks of 28 October 2007 to 26 January 2008 on Tuesday. This represents the third quarter of the 53 week period ending on 3 May 2008. Group sales increased by 4.8 per cent during the period. In the UK and Republic of Ireland total sales increased by 3.9 per cent and like-for-like sales declined by 4.0 per cent. Trading in Belgium and The Netherlands, where total sales increased by 10.2 per cent, has been stronger than in the UK with like-for-like sales increasing by 3.1 per cent. In Poland, there are now a total of 10 stores trading and like-for-like sales increased by 16.0 per cent. Carpetright said that the gross margin has continued to increase across the group. The transfer to the new UK national distribution centre at Purfleet is proceeding to plan with all the central support functions now relocated. The phased transfer of carpet cutting and distribution into the new centre has started and it is expected that the centre will be fully operational by the end of April 2008. Carpetright said that there had been no significant change in the financial position of the group since the interim results in December 2007. Lord Harris added that the third quarter had started strongly but that there had subsequently been a slowdown. “In an increasingly challenging environment sales growth will be harder to come by, but I am confident that our businesses are well positioned in their markets and I expect our full year outturn to be in line with expectations,” he concluded. The group will report its pre-close trading update for the second half on 29 April 2008. Related links |
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