Frasers Group strengthens leadership with Sir Jon Thompson as chair

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consolidation efforts.Thompson joined the board as a non-executive director in June last year. He has experience in corporate governance and large-scale project management fields.Sir Jon Thompson said: "I am very much looking forward to working alongside Board colleagues, the Group Executive Team and the wider company to continue Fraser Group's evolution.“I would like to acknowledge David's significant contribution to the development of Frasers over the last eight years and thank him for his expert leadership. He leaves Frasers and the Board well positioned to enable the future success of the Elevation Strategy."Additionally, Frasers Group has indicated its intention to appoint Andy Lyon, previously a partner at PricewaterhouseCoopers (PwC), to the role of non-executive director.Within the retail sector, Lyon has led audits for major global retailers including Next and served in leadership roles at PwC, including overseeing regional practices for retail and consumer markets.Lyon's appointment is part of a broader board restructuring that includes identifying another advanced candidate for an additional non-executive director role, said Frasers.These appointments are set to fill the vacancies left by David Daly, Ger Wright, and Helen Wright, who have decided not to stand for re-election at the forthcoming AGM, noted the company.Frasers Group CEO Michael Murray said: "I would like to thank David for his outstanding leadership, guidance, and the wealth of expertise he brought to the board, which has been instrumental in helping us deliver on our Elevation Strategy. We wish him all the very best for the future. I would also like to thank Ger and Helen for their contributions during their time with Frasers Group.“I'm equally delighted to announce our proposed new appointment to the board with Andy, as well as Jon's confirmed appointment to chair, as we enter the next phase of our strategy. Jon's deep experience in corporate governance and strategic leadership will be invaluable as we continue to grow as a leading global retail business."Frasers Group anticipated a rise in operational expenses of £50m for the fiscal year 2026, attributing this to prevailing economic difficulties.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,456.75 +31.25 (+0.49%)Dow Futures45,349.00 -2.00 (-0.00%)Nasdaq Futures23,440.75 +165.75 (+0.71%)Russell 2000 Futures2,353.20 -3.80 (-0.16%)VIX17.09 -0.08 (-0.47%)Gold3,610.20 +18.00 (+0.50%)PortfolioSign in to access your portfolioSign inTop gainersCYTK Cytokinetics, Incorporated 49.62 +14.29 (+40.45%)IONS Ionis Pharmaceuticals, Inc. 57.49 +14.85 (+34.84%)UTHR United Therapeutics Corporation 404.81 +100.05 (+32.83%)ARWR Arrowhead Pharmaceuticals, Inc. 25.68 +3.65 (+16.57%)OPEN Opendoor Technologies Inc. 5.09 +0.64 (+14.38%)Top losersSOC Sable Offshore Corp. 23.08 -3.90 (-14.46%)LCID Lucid Group, Inc. 17.66 -2.14 (-10.81%)NVMI Nova Ltd. 237.16 -26.18 (-9.94%)CRWV CoreWeave, Inc. 93.34 -9.70 (-9.41%)KYIV Kyivstar Group Ltd. 11.07 -1.12 (-9.19%)Most activeWBA Walgreens Boots Alliance, Inc. 11.98 0.00 (0.00%)OPEN Opendoor Technologies Inc. 5.09 +0.64 (+14.38%)NVDA NVIDIA Corporation 170.78 -3.33 (-1.91%)NIO NIO Inc. 6.58 +0.20 (+3.13%)SNAP Snap Inc. 7.33 +0.19 (+2.66%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersGOOG Alphabet Inc. 211.99 -1.54 (-0.72%)GOOGL Alphabet Inc. 211.35 -1.56 (-0.73%)AAPL Apple Inc. 229.72 -2.42 (-1.04%)ARM Arm Holdings plc 132.34 -5.97 (-4.32%)KHC The Kraft Heinz Company 26.02 -1.95 (-6.97%)Top economic events