Carphone Warehouse's finance chief has been picked to head up a £1.1bn retail division.
Roger Taylor will take executive control of a joint venture between Carphone Warehouse and US electricals giant Best Buys. The stateside company has stumped up the cash to secure a 50% stake in the UK company.
The deal will see Carphone Warehouse put its retail arm including its 2,400 stores, insurance and mobile phone business into the joint venture while keeping hold of its fixed line telephone and broadband operation.
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