October 7, 2022

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The Business Effect

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

JD Sports logo is witnessed on the exterior of a retailer in London, Britain, November 17, 2021. Photo taken November 17, 2021. REUTERS/May James

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July 26 (Reuters) – Britain’s premier sportswear retailer JD Athletics Fashion (JD.L) will identify Regis Schultz, former finance head of B&Q, as its chief government officer, Sky News described on Tuesday.

Schultz has been president of retail at Center Jap group Al-Futtaim since 2019 and was chief fiscal officer at British home advancement chain Kingfisher’s (KGF.L) do-it-yourself business enterprise, B&Q.

JD Sporting activities previously this month named Andrew Higginson as chairperson, replacing Peter Cowgill who was ousted in Might over difficulties associated to internal governance and controls. read additional

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Cowgill has managed the group given that Barry Bown stepped down as the main govt officer in 2014. examine far more

The firm, which owns brands this kind of as Speedo and Cloggs, in June laid out designs to overhaul its company governance framework and inside controls. read through more

Schultz’s appointment could be introduced inside of a several days, according to the Sky Information report.

A JD Sports spokesperson stated in an emailed assertion that the procedure to recruit a CEO was ongoing and the corporation would “update the current market additional when acceptable”.

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Reporting by Amna Karimi in Bengaluru
Enhancing by Vinay Dwivedi

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