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Comments Off on TalkTalk Replaces CFO Iain Torrens with Dixons Carphone Executive in Reshaping of Top Team

TalkTalk Replaces CFO Iain Torrens with Dixons Carphone Executive in Reshaping of Top Team

Posted by Admin | July 10, 2017 | Telecoms

The company announced that current CFO, Iain Torrens, was stepping down and will be succeeded by Kate Ferry, who is director of investor relations and corporate affairs at Dixons Carphone.

Ferry has been with Dixons Carphone for seven years and prior to that she was a retail analyst at US bank Merrill Lynch and worked as an audit manager at accountancy firm PwC.

The appointment of Ferry comes as TalkTalk shakes up its business and management team following the departure of chief executive Dido Harding in May.

Charles Dunstone, TalkTalk’s executive chairman and former chairman of Dixons Carphone, said:  “On behalf of the board, I would like to thank Iain for his hard work over the last few years.”

Dunstone, who owns 31% of the company, added: “He has been a valued member of the TalkTalk team and the board and we all wish him well for the future. I am also delighted to welcome Kate to TalkTalk. As we continue our journey under the new leadership team and with a refocused direction, Kate brings a wealth of experience to the role.”

The reshaping of the British company’s top team comes after warning in May that earnings will drop this year. The group also halved its dividend to cut debts and help fund measures to restore its core strength as a main player in the broadband market as its retail business comes under pressure from bigger rivals BT Group and Sky plc.

Source: proactiveinvestors

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