Independent Blog - Graham Knight
18 December 2007

After being on six months of  “gardening leave” enforced on him after he decided to leave Tesco, John Browett (pictured) is now at last officially at work as the new chief executive of DSGi.

His appointment is sorely needed as shareholders in Dixons have seen their shares half in value over the last 12 months.

At the time of writing the shares stand at just £1 and were even down to 98p earlier today. And just to add to the shareholders'  woes, DSGi has been relegated from the FT100 share index.

Mr Browett promises that he will get out of the office and visit stores. In interviews he has said: “I want to ask the staff (what needs doing) and they are usually 99 per cent correct.”

As Mr Browett is a computer expert, I suspect that he has already been looking at the various DSG related sites on Facebook.

The 1058 members of DSGi Employees certainly discuss some very interesting topics and there is even a petition on there to bring back commission on sales. 

The 135 members of the PCWorld group also exchange lively views and no doubt the pictures posted by the PCW Business Hotties also will interest Mr Browett.  Various other stores have their own groups, too.

Mr Browett is obviously a good negotiator, as his first year salary will exceed £1.2m in a package that will bring in at least £5m.

I wish him well in his new post, as my “wee shop” seems to prosper when Dixons is doing really well.