Sports Direct chair set to step down after nine years in role

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Sports Direct

Sports Direct

Sports Direct chairman Keith Hellawell is stepping down from his role after nine years.

Hellawell will retire with effect from the conclusion of the company’s AGM, having served as chair since November 2009.

In his place, David Daly, a non-exec director, will take on the role of chairman after the meeting with shareholders.

Hellawell said: “Having overseen significant improvements in the working practices and corporate governance of the company, which includes a refresh of the board, now is the right time for me to step aside.

“I have enjoyed the challenges of Sports Direct and the support of Mike Ashley; many major investors; members of the board and senior staff and wish them much success for the future.”

Senior independent non-executive director Simon Bentley has also decided to retire as a director of the company, having served on the board since 2007.

In a statement, Sports Direct chief executive Mike Ashley said: “I would like to thank Keith and Simon for their valuable service and significant contributions to the company over the years.”

Nicola Frampton, managing director of the UK retail division at gambling company William Hill, is to join the board as non-executive director with effect from 1 October.

In other news, boss Mike Ashley said his strategy for newly acquired House of Fraser would be a “game changer”, which came as Sports Direct told investors that its trading was in line with expectations.

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