JD Sports to name former B&Q executive Schultz as CEO – Sky News

JD Sports activities symbol is witnessed on the exterior of a keep in London, Britain, November 17, 2021. Picture taken November 17, 2021. REUTERS/Could James

July 26 (Reuters) – Britain’s biggest sportswear retailer JD Athletics Trend (JD.L) will title Regis Schultz, previous finance head of B&Q, as its chief executive officer, Sky Information described on Tuesday.

Schultz has been president of retail at Center Jap team Al-Futtaim due to the fact 2019 and was main fiscal officer at British property enhancement chain Kingfisher’s (KGF.L) do-it-your self business enterprise, B&Q.

JD Sports previously this thirty day period named Andrew Higginson as chairperson, changing Peter Cowgill who was ousted in May perhaps around issues associated to interior governance and controls. browse much more

Cowgill has managed the group due to the fact Barry Bown stepped down as the chief government officer in 2014. read through far more

The enterprise, which owns manufacturers this kind of as Speedo and Cloggs, in June laid out designs to overhaul its company governance structure and internal controls. go through a lot more

Schultz’s appointment could be declared inside of a couple days, in accordance to the Sky News report.

A JD Athletics spokesperson reported in an emailed assertion that the approach to recruit a CEO was ongoing and the corporation would “update the market place even more when acceptable”.

Reporting by Amna Karimi in Bengaluru
Enhancing by Vinay Dwivedi

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