REG - Frasers Group PLC - Frasers Group announces Board changes

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RNS Number : 1283X  Frasers Group PLC  29 August 2025

Frasers Group announces Board changes

29 August 2025 - Frasers Group plc ("Frasers" or the "Group") announces today
that David Daly will be stepping down from the Board after eight years of
dedicated service, at the company's AGM on 24 September 2025. He will be
succeeded as Chair by Sir Jon Thompson on 1 September 2025.

Frasers Group is also pleased to announce that it anticipates appointing Andy
Lyon as Non-Executive Director to the Board and expects to make a further
announcement in due course regarding a second, well-advanced candidate, for a
further Non-Executive Director position. Those roles would succeed David Daly,
Ger Wright and Helen Wright, who are not seeking re-election at the
forthcoming AGM.

·      Sir Jon Thompson joined the Group's Board of Directors in June
2024 as a Non-Executive Director, bringing with him extensive experience in
corporate governance and major project management. His appointment marks an
important step in supporting Frasers Group's long-term strategy as it
continues to strengthen its position as a global business.

·      Andy Lyon, former partner at PwC whose expertise includes acting
as audit partner for Next and its credit business, would add significant
financial and governance experience to further strengthen the team as it
develops Frasers Plus.

Michael Murray, CEO of Frasers Group, commented: "I would like to thank David
for his outstanding leadership, guidance, and the wealth of expertise he
brought to the Board, which has been instrumental in helping us deliver on our
Elevation Strategy. We wish him all the very best for the future. I would also
like to thank Ger and Helen for their contributions during their time with
Frasers Group.

I'm equally delighted to announce our proposed new appointment to the Board
with Andy, as well as Jon's confirmed appointment to Chair, as we enter the
next phase of our strategy. Jon's deep experience in corporate governance and
strategic leadership will be invaluable as we continue to grow as a leading
global retail business."

Sir Jon Thompson, commented: "I am very much looking forward to working
alongside Board colleagues, the Group Executive Team and the wider company to
continue Fraser Group's evolution. I would like to acknowledge David's
significant contribution to the development of Frasers over the last eight
years and thank him for his expert leadership. He leaves Frasers and the Board
well positioned to enable the future success of the Elevation Strategy."

Further details from Andy Lyon's bio:
 

-       Andy Lyon was previously a senior audit partner at PwC having
specialised in retail and consumer markets. He led the audits of several large
global retailers, both listed and privately owned, including fashion
brands and department stores like Next's credit business. During his 24 years
as a partner, he had spells as senior partner for the East Midlands office, a
member of the Midlands leadership team and sat on the firm's retail and
consumer leadership team with responsibility for the regional practice.

- ENDS -

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