HMV Chairman Paul McGowan joins board of 7Digital as non-exec

Paul McGowan HMV Hilco
Digital music and radio services company 7Digital has appointed Paul McGowan as a non-executive director of the Company.

McGowan (pictured inset) founded retail restructuring group Hilco UK in 2000 in a joint venture with Hilco, where he currently serves as Chief Executive.

He is also currently the Chairman of HMV, the entertainment retailer, as well as Denby Pottery Group in the UK and the KRAUS Flooring group in Canada.

Goodmans Capital Investment Limited, a company within the Hilco group, is the beneficial owner of 20.3% of the Company’s issued share capital.

Since qualifying as a Chartered Accountant in Northern Ireland, McGowan has held directorships at more than 100 companies during his professional career and brings with him a vast amount of experience.

Simon Cole, CEO of 7digital, commented: “We are delighted to welcome Paul to the board of 7digital. His deep corporate experience will be of enormous value to us.”

Restructuring specialist Hilco Capital swooped for debt-stricken retailer HMV in 2013, for a reported overall fee of just £50m.

The move saw 2,800 jobs saved, with 141 stores kept open – including all nine Fopp outlets across the country.Music Business Worldwide

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