Currys CEO Steps Down After Eight Years Turning Around Group

Currys Plc Chief Executive Officer Alex Baldock is stepping down after eight years in charge of an electricals retailer he helped turn around following an ill-advised merger.

The executive is leaving Currys, which was created in 2014 when electronics retailer Dixons merged with the Carphone Warehouse mobile chain, to take a new, undisclosed external position. He will remain in his role while the board starts a recruitment process to replace him, the company said Thursday.