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

Adds JD Sports activities reaction

July 26 (Reuters) – Britain’s largest sportswear retailer JD Sports activities Trend JD.L will name Regis Schultz, former finance head of B&Q, as its main govt officer, Sky Information documented on Tuesday.

Schultz has been president of retail at Center Jap team Al-Futtaim since 2019 and was main money officer at British home advancement chain Kingfisher’s KGF.L do-it-yourself small business, B&Q.

JD Sporting activities earlier this month named Andrew Higginson as chairperson, replacing Peter Cowgill who was ousted in May well more than issues related to inner governance and controls.

Cowgill has managed the group considering that Barry Bown stepped down as the main executive officer in 2014.

The enterprise, which owns brand names these types of as Speedo and Cloggs, in June laid out programs to overhaul its corporate governance construction and inner controls.

Schultz’s appointment could be declared inside of a couple of days, in accordance to the Sky News report.

A JD Sports spokesperson said in an emailed assertion that the procedure to recruit a CEO was ongoing and the company would “update the market more when proper”.

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

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