Chief executive

Fresh-faced John Browett has shown no sign of crumbling under the pressure of the biggest turnaround in retail.

The former management consultant and Tesco executive has not only had to deal with the sharp downturn in electricals spending and the success of online rivals, but the debut of US electricals giant Best Buy is only a year away.

However, Browett has successfully overseen a £310.6m rights issue this year to accelerate his renewal and transformation plan, which he hopes will allow the business to emerge in a stronger position at the end of the downturn.

The performance of stores that have been overhauled under his direction has been beyond expectations. Browett’s decision to cut loose its loss-making stores in Hungary, Finland and Sweden will create a stronger business, but there remains much to do.