Phones 4u is undergoing a major management restructuring which sees Tim Whiting, Phones 4u group chief executive and Phil Dobson, deputy group chief chief executive stepping back from the day-to-day running of the company to become non executive directors of Phones 4u. David Kassler will formally take full operational control of the business.
The move comes as the fight for share of the mobile retail market hots up in the UK. Phones 4u is facing a major challenge from all sides, with key rival Carphone Warehouse merging with electronics giant Dixons Retail; operators EE, O2 and Vodafone all increasing their retail presence on the high street, and the supermarkets all vying for a share of the mobile market.
BC Partners, owners of Phones 4u group, took on Kassler in as CEO in November 2013 .In a statement BC Partners' managing partner Stefano Quadrio Curzio said: 'Over the past eight months, David has assumed full operational control of the business. As part of the planned succession, we can confirm that Tim Whiting, currently Group Chief Executive and Phil Dobson, currently Deputy Group Chief Executive, will now both move to become Non-Executive Directors of Phones 4u. As such, David Kassler will have executive responsibility for the business.
'Tim and Phil have both given over 14 years’ service to the business and I completely understand their desire to create some time for new ventures. I am delighted to say they will both remain on the Board and offer their continued support to both BC Partners and to David and the team.'