HMV's finance director to leave company
Entertainment retailer HMV has confirmed that its group finance director is to leave the company.
The news comes just days after the retailer announced that Simon Fox is to stand down as chief executive.
In statement issued today HMV said: "Following media speculation, HMV Group plc confirms that David Wolffe, group finance director, has indicated his intention to leave the company.
"David will remain with the company until a successor is appointed to ensure a smooth handover."
Wolffe has worked with HMV since January 2011, having joined the retailer from ITV Studios.
Last week HMV said that Fox will be replaced by Trevor Moore, the former chief executive of the Jessops camera chain.
HMV has struggled in recent years due to the rise of digital downloading and competition from supermarkets selling cheap CDs and DVDs. As a result, the retailer has been switching its focus from declining CD and DVD sales to technology products such iPads and headphones.
The company has recently completed a £220 million refinancing and sold its Hammersmith Apollo live music business for £32 million.
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