JD Sports lines up former B&Q executive as new CEO
A former executive at DIY retailer B&Q is being lined up to take the helm at JD Sports.
City sources said on Tuesday that the appointment could be announced within a matter of days.
As JD Sports’ chief executive, Mr Schultz will become the long-term replacement for Peter Cowgill, who stepped down last month amid boardroom disagreements over succession and corporate governance.
Frenchman Regis Schultz will join from a Dubai-based conglomerate Al-Futtaim Group. He has held a number of roles at B&Q, Kingfisher and French Supermarket change Monoprix.
JD Sports earlier this month named Andrew Higginson as chairperson, replacing Peter Cowgill who was ousted in May over issues related to internal governance and controls.
Cowgill managed the group since Barry Bown stepped down as the chief executive officer in 2014.
The company, which owns brands such as Speedo and Cloggs, in June laid out plans to overhaul its corporate governance structure and internal controls.
