Hut Group appoints non-executive director

The Hut Group (THG) has appointed Damian Sanders as its independent non-executive director.

Sanders, who until recently was a senior audit partner at Deloitte, is set to join the group’s board and take up the position of chair of the Remuneration committee with immediate effect. 

Last October, Sanders was appointed as an independent special advisor to the board’s Audit and Risk committee and he will remain on this committee in his new role.

The board is also set to appoint its fourth independent non-executive director, within 12 months following its successful admission and IPO.

Sanders said: “I am delighted to be joining the board of THG. The group’s strong performance since admission is indicative of an exciting and prosperous future, and I very much look forward to being a part of and supporting THG on the next stage of its journey.”

Matthew Moulding, the group’s CEO and executive chairman, said: “On behalf of the board, I would like to welcome Damian as an independent non-Executive director. 

“THG will greatly benefit from the wealth of experience across commercial, audit and corporate governance that he brings. Since IPO, it has been one of our key priorities to strengthen our board, whilst giving careful consideration to ensure we are bringing the right expertise and support to THG.”

He added: “Damian’s appointment is testament to THG’s rigorous commitment to making quality appointments that will complement the board and support the Group’s long-term growth. 

“Over the course of the next 12 months, the Board also plans to appoint another independent non-executive director to further strengthen the leadership team at THG.”