Currys CEO Alex Baldock to step down

(Sharecast News) - Currys CEO Alex Baldock is stepping down after eight years in the job to take a new external position, the company said on Thursday. Baldock will remain in post while a successor is found. The electricals retailer added that trading since an update on January 21 had been in line with expectations of an 11 - 17% rise in adjusted profit before tax to £180-190m.

Net cash for the 12 months to May 2 is forecast to be above Currys' £100m target.

Reporting by Frank Prenesti for Sharecast.com

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