It has been announced today that the chief executive of Poundland, Jim McCarthy is to step down with Kevin O’Byrne, former Dixons Retail and Kingfisher director, to take over.
 
Mr O’Byrne will be joining the company on 4th April, becoming chief executive on 1st July.

Poundland chairman, Darren Shapland, said: "Jim has skilfully guided the business from a small private operation in 2006 to the strong and growing business it is today. His development of Poundland's distinctive offer, professional retail skills together with building a modern, agile supply chain network were the foundations for Poundland's transformation. His energy, enthusiasm and passionate management style has touched many people during his successful tenure.”

Mr Shapland added: "I am delighted that Jim is succeeded by an executive of Kevin's calibre. Kevin's retail experience, in both the UK and many international markets, together with his clear leadership skills, make him the outstanding candidate to lead the business as it continues to grow as a public company."