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

Adds JD Sports activities reaction

July 26 (Reuters) – Britain’s premier sportswear retailer JD Sporting activities Manner JD.L will identify Regis Schultz, former finance head of B&Q, as its chief executive officer, Sky News documented on Tuesday.

Schultz has been president of retail at Center Japanese group Al-Futtaim given that 2019 and was chief economical officer at British home advancement chain Kingfisher’s KGF.L do-it-yourself company, B&Q.

JD Athletics previously this month named Andrew Higginson as chairperson, replacing Peter Cowgill who was ousted in May around problems relevant to interior governance and controls.

Cowgill has managed the group due to the fact Barry Bown stepped down as the chief govt officer in 2014.

The business, which owns models these kinds of as Speedo and Cloggs, in June laid out programs to overhaul its company governance construction and inner controls.

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

A JD Sports activities spokesperson reported in an emailed statement that the method to recruit a CEO was ongoing and the enterprise would “update the market even further when correct”.

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

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