2nd Jan 2009 12:51
JJB SPORTS PLC ("JJB")
FOR IMMEDIATE RELEASE
2 January 2009
JJB Sports plc ("JJB")
Directorate Changes
JJB Sports plc ("JJB") today announces the appointment of Sir David Jones, currently the deputy chairman of JJB, to the role of executive chairman. Roger Lane-Smith, the current chairman, will become non-executive deputy chairman. In addition Peter Williams will join the company as an executive director, reporting to Sir David Jones, with particular responsibility for the strategic development of the group. Chris Ronnie continues as group chief executive.
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Sir David Jones has considerable retailing experience, notably as chief executive and later chairman of NEXT plc, non executive deputy chairman of Wm. Morrison Supermarkets plc, and non executive chairman of Shop Direct ltd (Littlewoods).
Peter Williams, whose appointment takes effect on 5 January 2009, has over 20 years experience in the retail sector. He is currently a non-executive director of ASOS plc and Cineworld Group plc. Within the last five years, Peter was chief executive of Selfridges plc and Alpha Group plc (formerly Alpha Airports Group plc) and was also a director of GCap Media plc and Capital Radio plc. He has advised that there are no other details to be disclosed in accordance with Listing Rule 9.6.13.
Sir David Jones, executive chairman of JJB, said:
"We are facing the most difficult retail environment I have ever experienced but I am looking forward to working with both Chris and Peter and the rest of the executive team to re-establish JJB as a major force in the Sportswear market."
Roger Lane-Smith, non-executive deputy chairman of JJB, said:
"At this time our priorities are to focus totally on our retail business and to strengthen our executive team. Sir David's move to executive chairman and Peter's appointment have my entire support."
Chris Ronnie, chief executive of JJB, said:
"I have the highest regard for Sir David and look forward to working with Sir David, Peter and the rest of the team."
The company expects to release a trading update on 15 January.
Enquiries
|
Neil Bennett Richard Farnsworth Maitland |
020 7379 5151 |
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