REG - JD Sports Fashion - Appointment of new Chief Executive Officer

JD Sports FashionAnnouncement

02/08/2022 07:00

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RNS Number : 5271U  JD Sports Fashion Plc  02 August 2022

02 August 2022

JD Sports Fashion PLC

Appointment of new Chief Executive Officer

 

JD Sports Fashion Plc ('JD' or the 'Group'), the leading retailer of sports,
fashion and outdoor brands, is pleased to announce that Régis Schultz has
been appointed as the Company's new Chief Executive Officer, following an
extensive executive global search process.

It is expected that Régis will join JD in September at which time Kath Smith
will undertake a full handover of her duties to Régis during a short
transitionary period. Kath will then resume her former role as Senior
Independent Director on the Board.

Régis brings with him a wealth of retail experience as CEO, including of a
UK-listed retail business, and across retail categories including home,
fashion, electrical sporting goods and food. In particular, he has a strong
track record of effecting transformational change through digitisation,
driving multi-channel growth strategies and working across international
markets.

He will join from Al-Futtaim Group, the Dubai-based conglomerate which is
partner to many of the world's most high-profile companies across automotive,
retail, financial services, real estate and health sectors, and where he has
been President of Retail since 2019. The retail division has helped to launch
and build world class brands, including Zara, IKEA, Hugo Boss, M&S and
Lacoste and operates in Middle East, Asia and North Africa.

In addition, Régis has more than a decade's experience acting as Chief
Executive of major retail businesses. Prior to joining Al-Futtaim, he was CEO
of Monoprix, France's leading city-centre food and fashion retailer that is
part of Groupe Casino. During his time there he launched and executed a new
digital strategy, signed a partnership with Amazon, concluded the first
international partnership with Ocado and concluded the acquisition of an
online shoes' pure player.

Andrew Higginson, Non-Executive Chair of JD, said:

"The Board has taken this opportunity to conduct a truly global search to find
the right candidate to lead JD on the next stage in its development.  Régis
brings exactly the characteristics we were looking for.  He is a retailer
through and through with experience across all types of retail formats.  He
has also delivered transformational change through digitisation in a number of
his roles. Finally, he has significant international experience which will be
very important as he works with myself and our senior team to execute on our
growth strategy. We very much look forward to Régis joining us."

Régis Schultz, CEO elect of JD, added:

"JD has consistently proven itself to be one of the most successful operators
of multi-brand retail formats in the world. We are committed to going deeper
in the international development of our brands applying our experience and
executional expertise and further enhancing our market leading multi-channel
customer experience. I am very excited to be joining the Group and look
forward to working with the team to deliver on the growth opportunities."

 

Enquiries:

 

JD Sports Fashion
Plc
Tel: 0161 767 1000

Andy Higginson, Chair

Kath Smith, Interim CEO

Neil Greenhalgh, Chief Financial Officer

 

FGS
Global
Tel: 0207 251 3801

Rollo Head

Jenny Davey

James Thompson

The announcement is issued in accordance with the UK Listing Authority's
Listing Rule 9.6.11. There are no additional matters that would require
disclosure under LR 9.6.13 R (1) to (6) in respect of this appointment.

 

Notes to Editors:

Earlier Career History - Prior to Monoprix Regis was widely credited with
revitalising the LSE-listed retail group, Darty PLC (2013-2016) until its sale
to FNAC and BUT where he delivered significant strategic change, re-energising
and repositioning the business.

Régis held senior positions in the UK at Kingfisher Plc, including as
Strategy Director and Executive Committee member and as Chief Financial
Officer, Commercial Director and Chief Operating Officer of B&Q. Régis
started his career in 1997 as a Financial Director in a division of the
Pernod-Ricard Group, before moving to Castorama Group as Chief Financial
Officer and Chief Operating Officer.

He holds an MBA in Corporate Finance and Financial Management from Paris
Dauphine University.

 

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