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

Adds JD Athletics response

July 26 (Reuters)Britain’s largest sportswear retailer JD Sporting activities Fashion JD.L will identify Regis Schultz, previous finance head of B&Q, as its main executive officer, Sky News reported on Tuesday.

Schultz has been president of retail at Middle Jap group Al-Futtaim considering that 2019 and was chief economical officer at British home improvement chain Kingfisher’s KGF.L do-it-by yourself small business, B&Q.

JD Athletics before this thirty day period named Andrew Higginson as chairperson, replacing Peter Cowgill who was ousted in May perhaps about difficulties linked to interior governance and controls.

Cowgill has managed the team since Barry Bown stepped down as the main government officer in 2014.

The organization, which owns manufacturers these kinds of as Speedo and Cloggs, in June laid out programs to overhaul its corporate governance structure and inner controls.

Schultz’s appointment could be introduced in a handful of days, in accordance to the Sky Information report.

A JD Sports activities spokesperson mentioned in an emailed statement that the procedure to recruit a CEO was ongoing and the corporation would “update the sector further when suitable”.

(Reporting by Amna Karimi in Bengaluru Editing by Vinay Dwivedi)

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