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JJB finance director steps down

JJB Sports finance director David Madeley has stepped down from the role and has left the business.

Madeley, who joined JJB Sports as finance director in December 2007, has agreed with the board to leave the company immediately, to clear the way for a quick replacement.

JJB Sports reported that Madeley announced his intention to resign from the business last month. Strategic development director Peter Williams will take on Madeley’s responsibilities until a replacement joins the company. JJB Sports said it was actively seeking a successor.

Madeley announced his intention to resign as JJB Sports announced the sale of its fitness clubs to Dave Whelan and plans for a company voluntary agreement on renegotiated terms on rent deals with landlords.

Madeley’s exit follows the departure of chief executive Chris Ronnie last month. Ronnie left the business following an investigation into the transfer of his stake in the business to Icelandic bank Kaupthing.

Ronnie is disputing JJB Sports’ claim that he was dismissed for misconduct, insisting that he had already resigned.


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