JD Sporting activities addresses speculation about leader’s potential
D Sporting activities on Tuesday moved to quash speculation about its leader’s potential, and explained no research for a new chief government or chairman is underway.
Peter Cowgill has been government chairman of the FTSE 100 sportswear chain considering the fact that 2004, and took on chief executive duties also a decade later.
The retailer’s yearly report past 7 days explained “additional succession setting up has occurred throughout the monetary 12 months following considerations relating to the one appointment of the executive chairman”.
Weekend reports on Cowgill’s place adopted, and it is more frequent in the Metropolis to see a individual boss and chairman.
JD Sporting activities now said the board is “not engaged in a course of action to recruit a chief govt officer or chairman”.
But the firm added that it is frequently examining the depth of its management team “to be certain that the senior operational leadership team in the small business has the needed skills and encounter to exploit the ongoing world-wide enhancement possibilities”.
The firm’s funds markets working day, subject to any ongoing limitations, will choose position in London on October 13.
Shares in JD Sports activities rose 10.2p to 955.4p.