Williams quits Selfridges
Peter Williams, the accountant and chief executive at Selfridges, is stepping down at the high-street department store, just 11 months into the job.
Williams, was finance director at Selfridges since 1991, before stepping up to the top position at the end of February 2003.
He departs just nine months after Canadian tycoon Galen Weston bought the business for $628m (£342m).
Williams will be replaced by Paul Kelly, head of Selfridges’ Irish sister store Brown Thomas, while Allan Leighton, one of the most prolific non-executive directors in the UK (BskyB, Lastminute.com, Royal Mail) will become deputy chairman.