We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedPeople Management

Ex-CFO of Sainsbury's to become Carpetright's new CEO


Darren Shapland was also the former FD at Carpetright before he moved to Sainsbury's

Article comments

Darren Shapland, Sainsbury’s former chief financial officer, is to take over as chief executive of Carpetright, as its long-standing CEO quits, the company said on Friday.

Philip Harris is to step down as chief executive of Carpetright, after 24 years at the helm, Britain's biggest floor coverings company said.

Carpetright said on Friday that Harris, who founded the group in 1988 and has been selling carpets for over half a century, would remain as chairman.

Harris, a self-made millionaire, prominent education philanthropist and Conservative Party supporter, who sits in the Lords, will be 70 this year.

Carpetright, which has issued two profit warnings this year as cash-strapped Britons cut back on discretionary spending, said Shapland, currently a non-executive director, would take over as CEO on 14 May.

Shapland was Carpetright’s finance director from 2002 to 2005, leaving to join Sainsbury, initially as FD and then as group development director.

"He (Harris) is a hard act to follow," said Sheila Noakes, Carpetright's senior independent director, who will also assume the role of deputy chairman from 14 May.

A spokesman for Carpetright said Harris would initially work four days a week as chairman before gradually reducing his day-to-day role.

Harris' son Martin is the company’s commercial director.

Shares in Carpetright were up 0.5 percent at 621 pence at 11:46 a.m., valuing the business at about £421 million.

Share:

Recommended Articles

Comments

Ex-CFO of Sainsbury's to become Carpetright's new CEO
People Management

Is the CFO still the sole sacrificial lamb when a company struggles?

Is the CFO still the sole sacrificial lamb when a company struggles?

Tesco's announcement today that boss Philip Clarke is to leave proves that's no longer the casemore ..


Tesco’s Philip Clarke exits after another profit warning

The UK’s largest retailer appoints outsider Dave Lewis, president of personal care at Unilevermore ..

Unemployment falls to near six-year low of 2.12 million

There were 30.64 million people in work in 3 months to May - a leap of 254,000 compared to previous quartermore ..

HP staff in favour of industrial action on jobs

Failure to cooperate with ‘knowledge transfer' may affect DWP and MoJ contractsmore ..

Ten tactics to unleash the potential of Generation Y in finance

Most CFOs are Baby Boomers or Generation X-ers – the difference in mindset is hugemore ..

What's the role of the finance chief in a takeover bid?

With Pfizer's possible takeover of Astrazeneca in the spotlight we take a look at how pivotal the CFO is in such a dealmore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *