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Superdry (SDRY)

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Superdry appoints former M&S and New Look CFOs to the board

04 Jul 19

LONDON (ShareCast) - (Sharecast News) - Superdry has appointed the former chief financial officers of Marks & Spencer and New Look to its board with effect from 11 July.
The fashion group has appointed Helen Weir, who was CFO of M&S from 2015 to 2018 and CFO of John Lewis Partnership from 2012 to 2015. Weir has also held senior finance roles at Lloyds Banking Group and B&Q owner Kingfisher.

The company has also appointed Alastair Miller to its board. Miller was CFO of New Look from 2000 to 2014. Since then, he has worked as a retail consultant and served as senior independent director on the board of NewRiver.

Chairman Peter Williams said: \"I am delighted to welcome Helen and Alastair to the board of Superdry. Since becoming chairman in April it has been a priority of mine to restore the board to full strength and these appointments are a big step in that direction.

\"Both Helen and Alastair have extensive relevant experience in the retail sector and have served as CFOs of major listed companies. As such I am sure they will both prove excellent additions to the board as Superdry embarks on its turnaround.

\"We continue to search for an additional two non-executive directors and will make further announcements in due course.\"

Independent retail analyst Nick Bubb said: \"Not everyone was pleased when Julian Dunkerton was voted back onto the board of the struggling Superdry by shareholders back in April, not least all the previous non-exec directors. So, the new chairman, Peter Williams, has done well to replace them today with two non-exec heavyweights.\"

At 0900 BST, the shares were up 0.7% at 444.60p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 373.00p
Change Today 1.80p
52 Week High 559.50p
52 Week Low 345.60p
Volume 76,803
Shares Issued 82.00m
Market Cap 305.88m


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