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

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JD Sporting activities symbol is seen on the exterior of a retail outlet in London, Britain, November 17, 2021. Image taken November 17, 2021. REUTERS/May well James

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July 26 (Reuters) – Britain’s most significant sportswear retailer JD Sports Manner (JD.L) will name Regis Schultz, former finance head of B&Q, as its chief government officer, Sky Information noted on Tuesday.

Schultz has been president of retail at Center Jap group Al-Futtaim due to the fact 2019 and was chief financial officer at British home enhancement chain Kingfisher’s (KGF.L) do-it-yourself business, B&Q.

JD Sporting activities before this month named Andrew Higginson as chairperson, replacing Peter Cowgill who was ousted in Could in excess of challenges similar to internal governance and controls. read through more

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Cowgill has managed the team considering that Barry Bown stepped down as the main govt officer in 2014. go through more

The corporation, which owns manufacturers these kinds of as Speedo and Cloggs, in June laid out ideas to overhaul its company governance structure and inner controls. browse more

Schultz’s appointment could be declared in just a couple times, in accordance to the Sky Information report.

A JD Sports activities spokesperson reported in an emailed statement that the course of action to recruit a CEO was ongoing and the business would “update the market further more when suitable”.

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Reporting by Amna Karimi in Bengaluru
Editing by Vinay Dwivedi

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