Ian Topping, who has successfully led the HMV business over the last five years, has decided to retire as Chief Executive to take on a variety of part time challenges. He will continue to lead the business over the next six months as the transition to the new management team is implemented.
Neil Taylor has been appointed Managing Director of HMV with immediate effect. Neil is currently Retail Director, having worked his way up through the company over a thirty year period. Neil is a highly experienced and successful retail operator who is well prepared for the challenge of taking the business forward to the next stage.
Rudy Osorio is promoted to the role of Commercial Director. Rudy has been with HMV for 27 years in a variety of store and commercial management roles, latterly as Head of the Visual product category. Patrizia Leighton is promoted to the role of Marketing Director. Patrizia joined HMV five years ago as Head of Marketing having gained earlier experience in home entertainment product marketing in both film studio and retail environments.
Hilco Capital acquired HMV exactly five years ago and despite the ongoing demands of physical to digital entertainment transitions and a general retail industry move from stores to online the business remains in good shape.
Paul McGowan, Hilco Capital’s Executive Chairman said, “We have been pleased with our investment in hmv and the ability of the management team to deliver strong performances against a very challenging market backdrop. We would like to thank Ian Topping for the leading role he has played in implementing this process over the last five years. I would also like to congratulate Neil, Rudy and Patrizia on their well-deserved promotions which position the business nicely for the next stage in its evolution.”