JD Sports Fashion Plc Appointment of new Chief Executive Officer (5271U)
August 02 2022 - 1:00AM
UK Regulatory
TIDMJD.
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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