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Dixons announces Kalms' replacement

Former Shell CEO to take the reins

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Dixons today said Sir John Collins would be its next chairman, replacing Sir Stanley Kalms next year.

Collins, currently CEO of Vestey Group, will be appointed Dixons deputy chairman on 4 September. He is expected to become group chairman immediately after the retailer's AGM in September 2002.

Prior to his seven-year stint at Vestey, Collins was chairman and CEO of Shell UK - a company he joined in 1964. He is also a director of N M Rothschild & Sons and of the Peninsular & Oriental Navigation Company.

"We are delighted that Sir John has accepted our invitation to join the Board," said Kalms.

"He has had a highly successful career in industry and the city. We look forward to the contribution he will make."

Earlier this year Kalms told The Independent he intended to spend his retirement "defending the pound and helping the Conservatives get back into government". ®

Related Link

Dixons statement
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