REG - Frasers Group PLC - Directorate Change

FrasersAnnouncement

26/02/2024 07:00

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RNS Number : 3491E  Frasers Group PLC  26 February 2024

26 February 2024

 

FRASERS GROUP PLC

 

 

Appointment of Non-Executive Director (NED) and Executive Directors

 

Frasers Group plc ("Frasers" or the "Group") announces the appointment of new
high-calibre Directors to the Board. These appointments bring additional
skills and complementary expertise that reaffirm the Group's confidence in its
long-term growth and Elevation Strategy.

 

Helen Wright, Global CEO, Sergio Rossi will be appointed as Non-Executive
Director, and Frasers' David Al-Mudallal, Chief Operating Officer and Ger
Wright, Managing Director, Sports, join the Board as Executive Directors
following their significant contribution to Frasers Group in their existing
roles. These appointments are effective from 26 February 2024.

 

The Group also announces the intended appointment of Sir Jon Thompson, former
CEO, Financial Reporting Council, as Non-Executive Director. It is expected
that Sir Jon will be appointed later in the year, when his current commitments
allow.

 

David Daly, Chair of the Board, Frasers Group, said: "Much has changed at
Frasers over recent years and today is another significant milestone in our
transformation as we welcome new high-calibre individuals to the Board. I know
that we will benefit from their leadership and expertise. I'm also delighted
that their appointments further diversify our Board, ensuring that we have the
range of skills and views required to enable the future success of the
Elevation Strategy."

 

Michael Murray, Chief Executive Officer of Frasers Group, commented: "Today's
appointments reflect the progress we have made to date on Frasers'
transformation and Elevation Strategy, as well as our ambitions for the future
of the Group.

 

I am pleased to welcome Helen Wright to Frasers and to the Board and very much
look forward to welcoming Sir Jon later this year. Helen's experience of
driving transformation at global luxury brands, combined with Jon's expertise
in corporate governance and major project management,

will help shape the execution of our long-term strategy. In addition, Ger and
David have both made enormous contributions to the ongoing success of our
strategy, delivering operational excellence and empowering our business to
excel. I am confident that their contribution to the Board will help drive
Frasers Group to new heights and future success."

 

Frasers Group's new Board members:

 

-       Helen Wright joins Frasers Group with over 25 years' experience
as a senior executive in international luxury and lifestyle consumer brands.
Helen is widely credited for leading the turnaround and reinvigoration of the
British heritage brand Belstaff during her time as CEO. She set the company's
strategic vision and investment agenda, and drove its digital transformation.
Helen's other leadership roles have included VP of Sales and Merchandising,
Europe, at Ralph Lauren, President EMEI for Fendi/LVMH, and CEO at Anya
Hindmarch. In November 2023 she was appointed Group CEO at Sergio Rossi, the
renowned Italian luxury footwear house, based in Milan, Italy.

 

-       Ger Wright has been Managing Director, Sports, Frasers Group
since 2022, having joined with 20 years' executive experience across
commercial, product and merchandising functions. Ger is responsible for
leading Sport within the Group, working closely with the team in tandem with
brand partners to deliver the next phase of the business's omni-channel
transformation and expansion. Previously, Ger worked with the world's
leading denim brand, Levi's, and most recently spent 15 years at Nike where
she was responsible for building markets, businesses, and teams across
Europe, Middle East and Africa.

 

-       David Al-Mudallal was appointed Chief Operating Officer, Frasers
Group in August 2021. He has been a key driver of the Group's transformative
Elevation Strategy, playing a pivotal role in acquiring and retaining talent
and delivering operational excellence across the Group. David is responsible
for integrating newly acquired businesses onto the Frasers platform, which is
a key driver in unlocking profitable growth from our M&A strategy. He also
led on the creation of the Financial Services Division and the successful
development and rollout of Frasers Plus, the Group's loyalty and credit
facility. Since joining the Group in 2017, David has held a range of senior
roles including Chief of Staff and Head of Operations.

 

-       Sir Jon Thompson, former Chief Executive, Financial Reporting
Council, will bring a wealth of experience in governance, reporting and audit,
having led the major transformation of the FRC following multiple independent
audits. Sir Jon's previous roles include Chair of HS2, CEO of HMRC, and
Permanent Secretary of the Ministry of Defence, where he oversaw major
projects and drove significant change programmes. --He has also had an
impressive career in finance, having held positions such as Director General
of Finance at the Ministry of Defence, Director General of Corporate Services
at the Department for Education, and Finance Director of Ofsted. Before
joining the Civil Service in 2004, Sir Jon held several corporate services and
finance roles in the public and private sectors. It is intended that Sir Jon
will be appointed later in the year, when his current commitments allow.

 

 

 

Frasers confirms that there is no information to disclose under LR 9.6.13 R
(1)-(6).

 

 

 

Ends

 

 

 FRASERS GROUP PLC
 Robert Palmer, Company Secretary              T. 0344 245 9200

 LEI: 213800JEGHHEAXIJDX34                     E. company.secretary@frasers.group (mailto:company.secretary@frasers.group)
 Chris Wootton, Chief Financial Officer        T. 0344 245 9200

                                               E. financial@frasers.group
 Ronnie Laffar, Group Head of Communications   T. 07931 841082

                                               E. fgpr@frasers.group
 Andrew Kasoulis, Investor Relations Director  T. 07826 532191

                                               E. investor.relations@frasers.group
 Rosie Oddy, Brunswick Group, PR Advisors      T. 07734 861279

                                               E. frasersgroup@brunswickgroup.com (mailto:frasersgroup@brunswickgroup.com)

 

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