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Five-year boardroom ban for ex-BHS director

Former BHS director Lennart Henningson has agreed to a five-year ban from UK company directorships imposed by the Insolvency Service, following the tumultuous demise of the department store. 

Henningson was a director at the department store chain immediately before its collapse in 2016. He transferred £1.5m from BHS to a Swedish company the day after its board had discussed the appointment of administrators. 

He worked alongside Retail Acquisitions founder Dominic Chappell, who bought BHS for £1 from Sir Philip Green in 2015. Chappell was served a 10-year boardroom ban in November last year. 

Earlier this month, Chappell was ordered to pay £9.5m into BHS’s pension schemes

The collapse of BHS in 2016 resulted in 11,000 people losing their jobs, and left a gaping pension deficit.  Sir Philip Green, who owned BHS for 15 years before selling it to Chappell, agreed to a voluntary contribution of £363m in February 2017

 

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