UK's Currys names Nordics chief Tønnesen as group CEO

LONDON, ​June ⁠3 (Reuters) - British electricals retailer Currys ​on Wednesday named the boss of its Nordics business, ​Fredrik ‌Tønnesen, as its new group chief executive, succeeding ⁠Alex Baldock.

Tønnesen, who will start ⁠his new role ​on August 3, has headed the Nordics division, accounting for about 40% of group revenue, since ​2023.

Baldock, ‌CEO for eight years and the architect of Currys' turnaround, will leave the firm on August 31. He will join health ​and beauty retailer Boots in the autumn.

Tønnesen ‌started his career on the shop floor as a sales assistant ‌and subsequently served as managing director for Norway and as Nordics chief operating officer.

Last month, ​Currys, which sells computers, gaming products, televisions, fridges, washing machines ‌and mobile phones, forecast an 18% rise in annual profit after underlying sales at its main ⁠UK ⁠and Ireland business rose 3%, ‌bucking the trend of a generally subdued retail sector.

Shares ​in ​Currys are up 19% over ‌the last year. (Reporting by Prerna Bedi in Bengaluru and James Davey in London; Editing by Subhranshu Sahu and Louise Heavens)

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