Business news and HMV CEO Simon Fox has announced his decision to leave the high street chain after six years at the helm. HMV have also named Fox’s successor in Trevor Moore formerly of Jessops to head up the music, DVD and gaming retailer.

A statement to the companies investors read "Simon Fox has decided to leave HMV after six years as CEO. He will remain in post until Trevor Moore arrives on 3 September to ensure a smooth handover." While the firms chairman added "On behalf of the Board [and] I want to thank Simon for his contribution to HMV. He has led the Company through a turbulent period for the entertainment retailing industry and has played an invaluable part in securing HMV's future, not least by strengthening relations with suppliers and successfully refinancing HMV's bank borrowings. We are delighted to have recruited someone of Trevor's calibre. He has the right skills and experience to lead HMV in the coming years."

Trevor Moore stated: "HMV is a great company and a fantastic brand and I look forward to building on its position as the UK's leading entertainment retailer." and Moore’s predecessor Fox, said "I am proud to be leaving HMV with a profitable future secured. The appointment of Trevor Moore means that I will be leaving the Company in safe hands."