Frasers Group PLC - Shirebrook, England-based owner of House of Fraser, Sports Direct and Flannels retail chains - Hires Helen Wright, the chief executive officer of luxury footwear brand Sergio Rossi Spa, as a non-executive director, effective from Monday. Wright, who previously worked at Ralph Lauren, joined Milan-based Sergio Rossi as CEO in November. Frasers says it also intends to add Jon Thompson, the former chief executive of the UK Financial Reporting Council, to the board as non-executive director later in the year "when his current commitments allow".
Joining the board immediately as executive directors are Frasers Chief Operating Officer David Al-Mudallal and Ger Wright, managing director of Sports.
"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," says Chair David Daly.
Current stock price: 834.00 pence
12-month change: up 3.8%
By Tom Waite, Alliance News editor
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Frasers Group (FRAS)