(Reuters) -British sportswear and fashion retailer Frasers on Friday appointed insider Jon Thompson as the chair of its board, after announcing that David Daly will be stepping down.
Frasers, owned by British businessman Mike Ashley, has been expanding into new markets while pursuing boardroom influence in rivals, including failed attempts at board control of Debenhams and a rejected bid for luxury handbags maker Mulberry.
Thompson, who joined Frasers’ board as a non-executive director in June 2024, has previously served as chief executive of the Financial Reporting Council, and as the permanent secretary of the UK’s Ministry of Defence.
“Jon’s deep experience in corporate governance and strategic leadership will be invaluable as we continue to grow as a leading global retail business,” CEO Michael Murray said in a statement.
After an eight-year tenure as chair, Daly will step down on September 1 and exit the board entirely following the annual general meeting on September 24, the company said.
(Reporting by Unnamalai L and Raechel Thankam Job in Bengaluru; Editing by Sonia Cheema)
