JD Sports Fashion Plc Corporate Governance Review and Directorate Change (8200M)
25 Mayo 2022 - 10:18AM
UK Regulatory
TIDMJD.
RNS Number : 8200M
JD Sports Fashion Plc
25 May 2022
25 May 2022
JD Sports Fashion Plc
Corporate Governance Review and Directorate Change
JD Sports Fashion Plc ('JD' or the 'Group'), the leading
retailer of sports, fashion and outdoor brands, today announces
that as a consequence of an ongoing review of its internal
governance and controls it has decided to accelerate the separation
of the roles of Chair and Chief Executive Officer.
As a result
-- Peter Cowgill, currently Executive Chairman, will step down
from his role with immediate effect.
-- Helen Ashton, currently NED and Chair of the Audit & Risk
Committee, will become interim Non-Executive Chair. Helen joined
the Board in November 2021 and has held a wide range of executive
level roles including at ASOS, Lloyds Banking Group and Barclays,
and CEO positions in high-growth private businesses.
-- Kath Smith, currently NED and Senior Independent Director,
will become interim CEO. Kath has considerable sports and outdoor
industry experience having worked for over 25 years in the sector
as M anaging Director of the adidas and Reebok brands and her
previous position prior to joining the Board was GM and Vice
President of The North Face EMEA. Kath will work closely with the
senior leadership team to continue to deliver on the Group ' s
proven and successful strategy.
-- The process to recruit a Chief Executive Officer remains
ongoing and a process will now commence to recruit a new
Non-Executive Chair.
Helen Ashton, interim Chair, said:
"The business has developed strongly under Peter's leadership
into a world-leading multi-channel retailer with a proven strategy
and clear momentum. However, as our business has become bigger and
more complex, what is clear is that our internal infrastructure,
governance and controls have not developed at the same pace. As we
capitalise on the great opportunities ahead of us, the Board is
committed to ensuring that we have the highest standards of
corporate governance and controls appropriate to a FTSE-100 company
to support future growth."
The information in this release has been determined to be inside
information and Helen Ashton is responsible for issuing.
Enquiries:
JD Sports Fashion Plc Tel: 0161 767 1000
Helen Ashton
Neil Greenhalgh
Investec - Broker to the company Tel: 020 7597 4000
David Flin
Peel Hunt - Broker to the company Tel: 020 7418 8900
Dan Webster
Finsbury Glover Hering Tel: 020 7251 3801
Rollo Head
Jenny Davey
James Thompson
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END
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May 25, 2022 11:18 ET (15:18 GMT)
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