Currys plc (LSE:CURY) said Alex Baldock has informed the board of his intention to step down as Group Chief Executive to take a new external position; he will remain in role to "ensure a smooth and orderly transition", supported by his leadership team, while the board conducts a formal recruitment process considering internal and external candidates.
The company quoted Group Chair Ian Dyson: "On behalf of the Board, I want to thank Alex for his exceptional contribution to Currys. During his eight years here, he has achieved a huge amount, transforming the business in the face of some difficult headwinds." The filing said the board will provide an update in due course.
Alex Baldock was also quoted in the announcement: "My eight years at Currys have been simply the best of my career, and I'll always be a loyal Currys customer, advocate and shareholder." He added he would "be here to ensure our progress doesn't skip a beat and to ensure a smooth transition to my successor."
Separately, the company said trading since the Peak update on 21 January 2026 has been in-line with expectations and reiterated Group adjusted profit before tax guidance of £180-190m, +11-17% year-on-year, and that it expects net cash to be above the £100m target at the year-end on 2 May 2026; Currys plans to publish a full year trading update on 19 May 2026 and will disclose remuneration arrangements related to Baldock's departure on its website in accordance with section 430(2B) of the Companies Act 2006.
