Spotlight on: Trevor Moore, HMV chief executive
Tuesday 04 September 2012
This bespectacled chap doesn't look very rock'*'roll. Is he really running HMV?
Yes, Mr Moore started this week at the nation's biggest (and last) high street music chain, replacing Simon Fox, who's gone to Trinity Mirror.
What's his background?
He used to run the camera shop Jessops as chief executive and previously worked at HSBC and Whitbread, the owner of Costa Coffee and Premier Inn. So he knows what consumers want.
What gets him fired up?
Flying. Mr Moore is 6ft 6in and he recalled in a recent interview: "The only job I ever wanted to do at school was to be a pilot but the height limit was 6ft 3in. My life was shattered."
So, did he have a rallying message for the troops on his first day?
Apparently not. So low-key was Mr Moore's arrival that yesterday afternoon the HMV corporate website still listed Mr Fox as chief executive.
What sort of legacy does Mr Moore inherit?
The Fantastic Mr Fox's last year in charge resulted in an £80m after-tax loss, and HMV's share price slumped more than 95 per cent as CD sales collapsed. However, he has predicted a £10m profit for this year.
Hasn't Jessops had a lot of problems?
Indeed, the camera firm suffered from the rise of digital, just like HMV, and the banks did a debt-for-equity swap. Mr Moore arrived in 2009 on a clear-up mission and can argue that he left it in better shape.
What's the future for HMV?
Mr Fox sold various bits including Waterstone's. Mr Moore faces a battle to increase revenues in the age of iTunes and internet piracy, and it is probably too much to expect fancy headphones to save the day.
So what can we expect?
On his watch, Jessop's boasted that it sent online sales soaring and drew "more, younger, older and female customers" with a "live store" format which "extended dwell time and increased visit frequency". It's not rock'n'roll, but the City might like it.
- 1 Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
- 2 Katie Hopkins and The Sun editor David Dinsmore reported to police for incitement to racial hatred following migrant boat column
- 3 Parma, Missouri: 80 per cent of town's police quit after first black mayor is elected
- 4 Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
- 5 Google search history can now be downloaded in its entirety, mass embarrassment expected
Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
Katie Hopkins and The Sun editor David Dinsmore reported to police for incitement to racial hatred following migrant boat column
'Jihadi John': Isis executioner Mohammed Emwazi wanted to wage jihad in Somalia until his friends were betrayed and killed by al-Shabaab
Parma, Missouri: 80 per cent of town's police quit after first black mayor is elected
Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
Katie Hopkins on LBC: Listen to caller taking The Sun columnist to task over migrant comments
iJobs Money & Business
£60000 - £70000 per annum + benefits : Ashdown Group: A highly successful, glo...
£30 - 35k (DOE): Guru Careers: We are seeking a Pricing Analyst with experienc...
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...
£21000 - £24000 per annum: Ashdown Group: The Ashdown Group has been engaged b...