Former Baugur chief executive Gunnar Sigurdsson has rejoined the board at House of Fraser.
Sigurdsson stepped down from House of Fraser last year following the collapse of Baugur, the investment group he led, which held a stake in the department store. Baugur’s shares subsequently transferred to Icelandic bank Landsbanki.
House of Fraser told The Mail on Sundaythat the reappointment of Sigurdsson to the board represented “good corporate governance” following the share transfer.
Sigurdsson remains a director of House of Fraser’s parent company Highland Group, where he has been on the board since 2006.