By Sabela Ojea
JD Sports activities Style PLC mentioned Friday that it has been appointed Andrew Higginson as its chairman after the previous government chairman and chief government, Peter Cowgill, was ousted by the group following an inside governance evaluate.
The UK clothes retailer mentioned that the appointment of Mr. Higginson will probably be efficient on July 11.
On Could 25 JD Sports activities mentioned it had determined to speed up the separation of the roles of chair and chief government officer and that Mr. Cowgill was stepping down from his function with speedy impact.
Helen Ashton and Kath Smith are at the moment working as the corporate’s interim nonexecutive chairwoman and interim chief government officer, respectively.
“As our enterprise has turn out to be larger and extra complicated, what is obvious is that our inside infrastructure, governance and controls haven’t developed on the similar tempo,” JD Sports activities interim chairwoman Ms. Ashton mentioned in Could.
JD Sports activities is anticipated to announce the appointment of a brand new CEO over the summer time, based on analysts.
Shares at 0932 GMT had been up 2.85 pence, or 2.4%, at 125.15 pence.
Write to Sabela Ojea at [email protected]; @sabelaojeaguix