Supergroup appoints new non-exec directors
Supergroup, the owner of the Superdry clothing brand, has appointed KingfisherÂ’s Euan Sutherland and former Deloitte executive Minnow Powell as non-executive directors.
At the same time, the group has announced that current non-executive directors Steven Glew and Indira Thambiah will step down at the end of their three-year terms in February.
Euan Sutherland is currently group chief operating officer and a director of Kingfisher where he has responsibility for direct sourcing, own brands, IT, property and human resources as well as the Screwfix business and Kingfisher's multi-channel offer. He was previously chief executive of AS Watson UK, owner of retailers Superdrug and Savers, and prior to this held senior positions with Matalan, Dixons, Coca-Cola and Mars. He is also a non-executive Director at the Co-op Food Board.
During his 25 years at Deloitte, Minnow was tasked with looking after the company’s major clients and was a member of the UK's Audit Practices Board for six years. Minnow is a non-executive Director of TUI Travel PLC where he chairs the Audit Committee. He will also become chairman of the Audit Committee at SuperGroup.
Supergroup chairman Peter Bamford said: "The board and I wish to put on record our gratitude to both Steven and Indira for their high quality input and significant contribution to the success of SuperGroup through a period which has seen fast growth and considerable change.
"I am delighted to welcome Minnow and Euan who will, I am sure, give wise counsel and the benefit of their broad experience to the board through the next exciting phase of the Company's development."
Earlier this month, Supergroup reported that sales during in its second quarter were up 20.3% year-on-year to £98.4 million, while UK sales surged 32.2% to £52.2 million.
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