26
February 2024
FRASERS GROUP
PLC
Appointment of Non-Executive
Director (NED) and Executive Directors
Frasers Group plc ("Frasers" or the
"Group") announces the appointment of new high-calibre Directors to
the Board. These appointments bring additional skills and
complementary expertise that reaffirm the Group's confidence in its
long-term growth and Elevation Strategy.
Helen Wright, Global CEO, Sergio
Rossi will be appointed as Non-Executive Director, and Frasers'
David Al-Mudallal, Chief Operating Officer and Ger Wright, Managing
Director, Sports, join the Board as Executive Directors following
their significant contribution to Frasers Group in their existing
roles. These appointments are effective from 26 February
2024.
The Group also announces the intended
appointment of Sir Jon Thompson, former CEO, Financial Reporting
Council, as Non-Executive Director. It is expected that Sir Jon
will be appointed later in the year, when his current commitments
allow.
David Daly, Chair of the Board, Frasers Group,
said: "Much has changed at Frasers
over recent years and today is another significant milestone in our
transformation as we welcome new high-calibre individuals to the
Board. I know that we will benefit from their leadership and
expertise. I'm also delighted that their appointments further
diversify our Board, ensuring that we have the range of skills and
views required to enable the future success of the Elevation
Strategy."
Michael Murray, Chief Executive Officer of Frasers Group,
commented: "Today's appointments reflect the progress we
have made to date on Frasers' transformation and Elevation
Strategy, as well as our ambitions for the future of the
Group.
I
am pleased to welcome Helen Wright to Frasers and to the Board and
very much look forward to welcoming Sir Jon later this year.
Helen's experience of driving transformation at global luxury
brands, combined with Jon's expertise in corporate governance and
major project management,
will help shape the execution of our long-term strategy. In
addition, Ger and David have both made enormous contributions to
the ongoing success of our strategy, delivering operational
excellence and empowering our business to excel. I am confident
that their contribution to the Board will help drive Frasers Group
to new heights and future success."
Frasers Group's new Board
members:
-
Helen
Wright joins Frasers Group with
over 25 years' experience as a senior executive in international
luxury and lifestyle consumer brands. Helen is widely credited for
leading the turnaround and reinvigoration of the British heritage
brand Belstaff during her time as CEO. She set the company's
strategic vision and investment agenda, and drove its digital
transformation. Helen's other leadership roles have included VP of
Sales and Merchandising, Europe, at Ralph Lauren, President
EMEI for Fendi/LVMH, and CEO at Anya Hindmarch.
In November 2023 she was appointed Group CEO at Sergio
Rossi, the renowned Italian luxury footwear house, based in Milan,
Italy.
-
Ger
Wright has been Managing Director,
Sports, Frasers Group since 2022, having joined with 20 years'
executive experience across commercial, product and merchandising
functions. Ger is responsible for leading Sport within the Group,
working closely with the team in tandem with brand partners to
deliver the next phase of the business's omni-channel
transformation and expansion. Previously, Ger worked
with the world's leading denim brand, Levi's, and most
recently spent 15 years at Nike where she was responsible
for building markets, businesses, and teams across Europe,
Middle East and Africa.
-
David
Al-Mudallal was appointed Chief
Operating Officer, Frasers Group in August 2021. He has been a key
driver of the Group's transformative Elevation Strategy, playing a
pivotal role in acquiring and retaining talent and delivering
operational excellence across the Group. David is responsible for
integrating newly acquired businesses onto the Frasers platform,
which is a key driver in unlocking profitable growth from our
M&A strategy. He also led on the creation of the Financial
Services Division and the successful development and rollout of
Frasers Plus, the Group's loyalty and credit facility. Since
joining the Group in 2017, David has held a range of senior roles
including Chief of Staff and Head of Operations.
-
Sir Jon
Thompson, former Chief Executive,
Financial Reporting Council, will bring a wealth of experience in
governance, reporting and audit, having led the major
transformation of the FRC following multiple independent audits.
Sir Jon's previous roles include Chair of HS2, CEO of HMRC, and
Permanent Secretary of the Ministry of Defence, where he oversaw
major projects and drove significant change programmes. --He has
also had an impressive career in finance, having held positions
such as Director General of Finance at the Ministry of Defence,
Director General of Corporate Services at the Department for
Education, and Finance Director of Ofsted. Before joining the Civil
Service in 2004, Sir Jon held several corporate services and
finance roles in the public and private sectors. It is intended
that Sir Jon will be appointed later in the year, when his current
commitments allow.
Frasers confirms that there is no
information to disclose under LR 9.6.13 R (1)-(6).
Ends
FRASERS GROUP PLC
|
|
Robert Palmer, Company Secretary
LEI: 213800JEGHHEAXIJDX34
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T. 0344 245 9200
E. company.secretary@frasers.group
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Chris Wootton, Chief Financial Officer
|
T. 0344 245 9200
E.
financial@frasers.group
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Ronnie Laffar, Group Head of Communications
|
T. 07931
841082
E. fgpr@frasers.group
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Andrew Kasoulis, Investor Relations Director
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T. 07826
532191
E.
investor.relations@frasers.group
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Rosie Oddy, Brunswick Group, PR Advisors
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T. 07734 861279
E. frasersgroup@brunswickgroup.com
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