6 August 2012 Last updated at 03:38 ET

HMV finance director David Wolffe to step down

HMV logo HMV has struggled with competition from online music downloads

Troubled music, films and games retailer HMV has announced the departure of group finance director David Wolffe.

The move comes just days after the group's chief executive, Simon Fox, announced his intention to leave the company next month.

HMV said Mr Wolffe would stay in his post until a successor was found.

The firm has struggled in recent years with increased competition, particularly from music downloads.

It has closed stores and sold its Waterstones book chain.

But in May, HMV said it intended to return to profitability next year thanks to the changes it had made.

More on This Story

Music Retailing

Related Internet links

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

Elsewhere on the BBC

Programmes

  • A Lichtenstein pictureThe Culture Show Watch

    Lichtenstein’s paintings imitated popular culture but do they also reveal more than we think?

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.