|Rob Halford, lead singer of Judas Priest, has nothing|
to do with Halfords whatsover, although he might
have bought a bike from the store, who knows?
Wild's job has gone to Dennis Millard, who will act as CEO until a new one is found. It's odd when you consider that Wild is described as an experienced retailer with spells at Tesco and Walmart. Whether he fell or was pushed, we'll probably never know. Millard's keep quiet, merely saying that the company always takes the temperature where shareholders are concerned, and Wild himself is saying it's about time he moved on, having set up the strategy that (ahem) has seen a period of sustained underperformance.
According to the Evening Standard, 'Wild will receive his total pay of £645,399, including his salary of £517,650 and pension contributions, in 12 monthly instalments.' Clearly a nice little earner.
For Q2, Halfords posted a 5.6% slump in group underlying sales, with retail sales falling 7.5%.
Millard described the trading conditions as the most uncertain he'd ever experienced.
In the year 2011-12 the company made pre-tax profits of £92.2 million, but for 2012-13 it's likely to be between £62 million and £70 million.
Source: Evening Standard Thursday July 19th.