QVC boss Dermot Boyd to retire after seven years

It is understood that Boyd, who initially joined the TV shopping channel as chief financial officer back in November 1993, will step down at the end year.

He will be succeeded as chief executive by Robert Muller, the current senior vice president of customer and business services, based in the US.

Boyd, who was previously an auditor at PwC, spent 15 years as QVC’s finance boss before taking on the additional responsibility of chief operating officer in January 2009.

A year later he was promoted to chief executive of the business.

Muller has been at QVC since April 2001, when he joined as director for supply chain planning and analysis.

He has held several other senior roles across the business since then, including senior vice president of customer distribution services and senior vice president of strategic planning and analytics.

He was handed the remit of customer and business services in July 2015.

QVC confirmed that Boyd was retiring from the business but declined to comment further.