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Frasers Group has announced that its CEO Michael Murray has joined the supervisory board of Hugo Boss.
Frasers proposed Murray for election back in December, and he joins Stephan Sturm, chairman of the board of the Heinz Hermann Thiele Family Foundation and Andreas Kurali, a freelance business consultant, as its latest appointments.
The trio succeeded Hermann Waldemer, Gaetano Marzotto, and Robin J. Stalker, with Sturm also elected as chairman of the board.
Commenting on the appointments, Sturm said: “I am firmly convinced that Hugo Boss is oriented towards a very successful future. This is why I look forward to making a decisive contribution to this success, together with the management board and the supervisory board team.
“On behalf of the entire supervisory board, I would like to thank the outgoing members Gaetano Marzotto, a member of this body for 15 years, Robin J. Stalker, and, of course, my predecessor Hermann Waldemer for their successful work.”
Murray added: “I am honoured to be joining the board of Hugo Boss. Our long-standing collaboration with HUGO BOSS is one of our most successful brand partnerships, reflecting our shared values and strong cooperation, and I am looking forward to supporting Hugo Boss in its next stage of growth.”
It comes as Frasers has repeatedly increased its stake in the German fashion retailer. In April of this year it announced it had expanded its strategic investment into Hugo Boss to own 13.5 million shares, or a 19.2% stake in the business, making it the company’s largest individual shareholder.
