Stringer leaves retailer following speculation of a major restructure that could result in the loss of hundreds of jobs
Carphone Warehouse UK managing director Matt Stringer has quit the retailer before a major restructuring plan could be implemented, resulting in the loss of hundreds of jobs.
According to a report in The Times newspaper today, Stringer (pictured) has not lined up a new role. The former Marks & Spencer executive joined the company in June 2010, reporting to CEO Andrew Harrison.
It is understood Harrison will now take a more hands-on role with Carphone’s UK business.
Stringer had most recently been involved in rolling out Carphone’s ‘Wireless World’ store concept, specially designed outlets to focus on non-mobile handset products such as tablets and applications.
Stringer becomes the second major executive to leave Carphone in recent weeks following the departure of retail director Anthony Hemmerdinger early last month. The retailer has since replaced him with its online solutions managing director Sam Tyrer.
The report says Stringer’s departure coincides with a possible restructuring plan, which is due to be announced early next month. This is expected to result in hundreds of job losses across the company’s headquarters in Acton, West London. Mobile News understands that Carphone will not be closing any of its 800 stores across the UK.
A Carphone Warehouse spokesman said it doesn’t comment on rumour and speculation.