HMV Australia and Southeast Asia managing director Stuart Fraser has exited the company, with immediate effect.

HMV Australia and Southeast Asia managing director Stuart Fraser has exited the company, with immediate effect. Fraser has served for the music retail chain for 18 years, holding posts in the United Kingdom, Asia and Australia. He will relocate from Sydney to Hong Kong to pursue his own business interests, says Paul Dezelsky, president of HMV Asia Pacific.

Alan Pengelly, HMV's Asia Pacific regional finance director, has been given additional responsibilities as acting managing director HMV Australia. He will continue to report to Dezelsky in both capacities.

Sydney-based Peter Smith, product and marketing director for HMV Australia, adds duties as commercial director for Australian operations, reporting to Pengelly.

Emily Butt, director and GM for the Hong Kong and Singapore affiliates now reports to Dezelsky; Butt previously reported to Fraser.