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

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

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July 26 (Reuters) – Britain’s largest sportswear retailer JD Sporting activities Trend (JD.L) will name Regis Schultz, previous finance head of B&Q, as its chief executive officer, Sky News described on Tuesday.

Schultz has been president of retail at Middle Jap group Al-Futtaim due to the fact 2019 and was main fiscal officer at British house enhancement chain Kingfisher’s (KGF.L) do-it-oneself small business, B&Q.

JD Sporting activities earlier this month named Andrew Higginson as chairperson, replacing Peter Cowgill who was ousted in May possibly above difficulties associated to interior governance and controls. study additional

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Cowgill has managed the team due to the fact Barry Bown stepped down as the chief executive officer in 2014. browse additional

The company, which owns brands this kind of as Speedo and Cloggs, in June laid out programs to overhaul its company governance construction and inside controls. browse more

Schultz’s appointment could be declared inside a few days, according to the Sky News report.

A JD Sports spokesperson reported in an emailed assertion that the course of action to recruit a CEO was ongoing and the corporation would “update the market place additional when proper”.

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Reporting by Amna Karimi in Bengaluru
Editing by Vinay Dwivedi

Our Standards: The Thomson Reuters Trust Principles.