JD Sports activities Trend will full the overhaul of its prime govt crew this week when it raids the proprietor of the Comparethemarket worth comparability web site to appoint its new finance chief.
Sky Information has learnt that the London-listed retailer has finalised the appointment of Dominic Platt, who’s at current chief financial officer at privately held BGL Group.
His recruitment will reunite him with Regis Schultz, the model new CEO of JD Sports activities Trend, with whom he beforehand labored at Darty, the French retailer.
Mr Platt is understood to have handed in his uncover at BGL, collectively along with his arrival at JD Sports activities extra more likely to be confirmed in a stock change announcement inside the coming days.
He’ll change Neil Greenhalgh, who joined the company in 2004 and had been CFO since 2018.
The most recent a part of JD Sports activities’ boardroom overhaul has emerged all through a frenetic interval for one amongst Britain’s best retail groups by market capitalisation.
The agency seen its shares rise by better than 1% on Tuesday after saying a £450m deal to buy Groupe Courir, a French-based retailer with operations in nations along with Spain and Belgium.
Within the earlier 12 months, it has appointed a model new chairman – Andy Higginson, the earlier Tesco govt who went on to chair grocer Wm Morrison – and a model new chief govt, along with a variety of non-executive directors.
The agency moreover said on Tuesday that it had switch to tidy up the possession development of some of its European subsidiaries.
JD Sports activities’ administration overhaul acquired right here after a torrid interval all through which Peter Cowgill, its long-standing boss, stepped down amid a sequence of boardroom disagreements.
For the reason that appointments of Mr Higginson and Mr Schultz, the company has launched a sequence of formidable improvement targets which they goal to ship by accelerating funding in its world retail group whereas selling non-core producers.
The agency is majority-owned by Pentland, the family-controlled group which manages a portfolio of producers, along with Berghaus, Lacoste and Speedo.
Shares in JD Sports activities closed on Monday at 164.55p, giving it a market price of £8.4bn.
A spokesman for the retailer declined to comment.
