Sports Direct chairman Keith Hellawell is stepping down from his role today after nine years.
Hellawell will retire with effect from the conclusion of the retailer’s AGM today and will not be seeking re-election. David Daly, non-executive director, will take up the role of chairman at the conclusion of the AGM. He will also assume the role of chair of the nomination committee.
Senior independent non-executive director Simon Bentley has also decided to retire as a director of the company from today, having served on the board since 2007.
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.
Cally Price has been elected by the workforce as the next workers’ representative to the board from May 2019.
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.”
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.”
Bentley said: “It has been a privilege and a pleasure to serve as a director, and a member of the Sports Direct team, since flotation in 2007. I look forward to following the group’s exciting development in years to come. ”