Feeds

Snook leaving Carphone

Bye bye now

  • alert
  • submit to reddit

Boost IT visibility and business value

Former Orange chief Hans Snook is stepping down from Carphone Warehouse from July. The former chief exec of mobilephoneco Orange joined Carphone as chairman in 2002 and has seen pre-tax profit rise from £46.8m to £76.3m during his tenure.

The retiring Snook will be replaced as chairman by non-exec director John Gildersleeve.

News of Snook's departure coincided with the release of it latest trading update which revealed that Carphone is still growing strongly.

Overall the number of connections it signed up during the three months to the end of March was up 16.6 per cent to 1.68 million. The number of customers on its fixed line telecoms service TalkTalk UK grew by 158,000 to 920,000 in the quarter, while its mobile customer base grew by 14.6 per cent to 2.26 m, although this was mainly driven by continued strong growth at The Phone House Telecom in Germany.

Its residential broadband service, launched last November, has now notched up almost 50,000 punters and is "well ahead of [Carphone's] original expectations". If the current pace of take-up continues then Carphone could have as many as 150,000 broadband punters by March 2006.

Looking ahead, the company is planning to open even more stores and remains "confident of continued strong performance".

Said chief exec Charles Dunstone in a statement: "We have achieved strong connections growth despite exceptional trading in the comparative period. We anticipate that full year profits will be at the upper end of market forecasts, and are excited about the investment and growth opportunities in the coming year."

Shares in Carphone were up 2p (1.23 per cent) at 165p in early morning trading. ®

Related stories

Carphone takes on calling cards with cut price calls
Carphone slips in 'stealth' price rise
CPW halves cost of mobile phone calls
Carphone trumpets telecoms success
Dixons mulls The Link sell-off

Best practices for enterprise data

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?