HMV chief executive HMV Simon Fox has emerged as one of the shortlist candidates to take over as chief executive of ITV.

Fox, credited with turning around the fortunes of HMV in the difficult music sector, would take over from Michael Grade.

According to The Telegraph, sources said Fox may not have a background in media but has the necessary credentials to implement a turnaround strategy at ITV. The broadcaster has been keen to find someone young and dynamic to embrace the digital age.

However, sources close to Fox told the newspaper that they were sceptical whether he would want the job.

Also on the short list is Pascal Cagni, the French head of Apple, Guillaume de Posch, former chief executive of ProSiebenSat.1, Tony Ball, former BSkyB chief executive, and internal candidate, John Cresswell, ITV’s chief operating officer.

Headhunter Russell Reynolds has conducted a wide-reaching search across sectors and internationally.

Fox has been at HMV for three years, moving from Kesa. Prior to that he was managing director of Comet, which he led through its demerger from Kingfisher.

ITV is keen to make an announcement at its interim results on August 6.