Former Jessops boss Trevor Moore will replace Simon Fox as the CEO of HMV.
Fox has spent six years at HMV as CEO and will remain in the role until September 3rd. Most recently he has navigated HMV through one of the hardest periods in its history, securing new deals with music, film and game suppliers and negotiating a better facility with the firm's banks.
Moore was chief executive at Jessops and has also worked for HSBC and Whitbread.
"On behalf of the Board, I want to thank Simon for his contribution to HMV," said HMV chairman Philip Rowley.
"He has led the Company through a turbulent period for the entertainment retailing industry and has played an invaluable part in securing HMV's future, not least by strengthening relations with suppliers and successfully refinancing HMV's bank borrowings.
"We are delighted to have recruited someone of Trevor's calibre. He has the right skills and experience to lead HMV in the coming years."
Trevor Moore added: "HMV is a great company and a fantastic brand and I look forward to building on its position as the UK's leading entertainment retailer."
And Simon Fox had great things to say about his successor: "I am proud to be leaving HMV with a profitable future secured. The appointment of Trevor Moore means that I will be leaving the Company in safe hands."