HMV chief executive Simon Fox has stood down from the retailer and will be replaced by former Jessops boss Trevor Moore.
It is the second time HMV has recruited a Jessops executive in recent months after hiring former chairman of the camera specialist David Adams as non-executive director in May.
However, after helping secure extra headroom from its banks earlier this year, Fox revealed the retailer would be back in profit next year.
Fox said: “I am proud to be leaving HMV with a profitable future secured. The appointment of Trevor Moore means I will be leaving the company in safe hands.”
Moore added: “HMV is a great company and a fantastic brand and I look forward to building on its position as the UK’s leading entertainment retailer.”
HMV chairman Philip Rowley said: “I want to thank Simon for his contribution to HMV. He has led the company through a turbulent period for the entertainment retailing industry and has played an invaluable part in securing HMV’s future.”