Frasers Group plc (“Frasers” or the “Group”) pronounces that David Daly shall be stepping down from the Board after eight years of devoted service, on the firm’s AGM on 24 September 2025. He shall be succeeded as Chair by Sir Jon Thompson on 1 September 2025.
Frasers Group can also be happy to announce that it anticipates appointing Andy Lyon as Non-Govt Director to the Board and expects to make an additional announcement sooner or later concerning a second, well-advanced candidate, for an additional Non-Govt Director place. These roles would succeed David Daly, Ger Wright and Helen Wright, who usually are not searching for re-election on the forthcoming AGM.
Frasers Group mentioned David Daly will step down as chair after eight years on the AGM on September 24, 2025, with Sir Jon Thompson succeeding him from September 1.
Andy Lyon, former PwC associate, is about to affix as non-executive director, with one other appointment to comply with.
CEO Michael Murray thanked Daly, Ger Wright, and Helen Wright, whereas welcoming Thompson and Lyon to information the subsequent section.
Sir Jon Thompson joined the Group’s Board of Administrators in June 2024 as a Non-Govt Director, bringing with him in depth expertise in company governance and main mission administration. His appointment marks an necessary step in supporting Frasers Group’s long-term technique because it continues to strengthen its place as a world enterprise. Andy Lyon, former associate at PwC whose experience consists of performing as audit associate for Subsequent and its credit score enterprise, would add important monetary and governance expertise to additional strengthen the crew because 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.”
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