[ad_1]
// JD Sports appoints former Morrisons chair Andy Higginson as new chairman
// Higginson oversaw a major turnaround of Morrisons
JD Sports has hired former Morrisons chair Andy Higginson as the new chairman.
The appointment follows an extensive search process undertaken by the board with the support of an external executive search firm.
Higginson will join office on July 11.
READ MORE: JD Sports profits double pre-pandemic levels in record year
Higginson has over 28 years of continuous non-executive director experience on PLC boards, including senior leadership roles over nearly 15 years at Tesco.
Most recently, he was the chair of Morrisons from January 2015 until the takeover of the business by private equity firm CD&R in November 2021.
During this time he oversaw a major turnaround of the business and significant value realisation for shareholders.
“The board was impressed with the high-quality candidates that we met throughout the recruitment process,” interim chair, Helen Ashton said.
“Andy, however, stood out as the best candidate with his extensive board experience including as a Chair and his strong track record in the international retail sector.
“It is a testament to the quality and attractiveness of JD that we have recruited Andy to the important role of chair.
“JD is a great business with a clear strategy, occupying a unique place in the market and we look forward to working with him on our global development opportunities.”
Higginson added: “Having closely followed JD’s success over the years, I see it as an exceptional business, with a strong strategic position.
“The board has clearly been addressing its governance and risk management structure and I very much look forward to working with the board and the senior management team, including our new CEO once appointed, to bring my experience to bear and capitalise on the strength of the brands, market positions and channels to market including the global retail store network.”
Click here to sign up to Retail Gazette‘s free daily email newsletter
[ad_2]
Source link >
