Boohoo adds another 'major asset' non-exec
Interesting times for Boohoo Group on the board front. The online fashion giant is bringing on board another significant “major asset” in John Goold.
He’s the boss of activist shareholder group Kelso, which also has a stake in THG, and he's set to become an Independent Non-Executive Director with immediate effect.
Activist investors are know for agitating hard to make management improve performance at companies whose growth has stalled.
He’ll join retail industry veteran Alistair McGeorge, who also became a non-exec this month. McGeorge has been CEO and/or Chairman of multiple retail brands including Littlewoods, Matalan and New Look.
Goold, who was previously co-founded Arden Partners before joining Zeus Capital as CEO, has also advised public companies for over 25 years, “with significant experience across corporate finance and corporate broking”.
He becomes Chairman of the Audit Committee and will be a member of the Nomination, Remuneration and Risk committees.
Boohoo group chairman Mahmud Kamani said: “John has deep operational and advisory experience at Board level gained over an extensive career that has seen him found, run and support businesses across a variety of sectors.
“He is held in very high regard throughout the public markets and we look forward to benefitting from his insight and rigour.
“He added: “John will strengthen the Board and be a great asset. With a well-balanced and high-quality set of Executive and Non-Executive Directors we are in a strong position as we set about achieving our ambition to be the global fashion leader.”
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