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Frasers Group has announced that non-executive director David Brayshaw has retired from its board, effective from yesterday (12 August). Brayshaw was with the company for almost eight years. He has over 30 years’ of experience as a senior investment and commercial banker.
David Daly, chair, said: “With over 30 years’ of experience as a senior investment and commercial banker, David has made an invaluable contribution to the business. On behalf of the board, I would like to sincerely thank him for his efforts.”
The board now comprises: Michael Murray, CEO; Chris Wootton, CFO; David Al-Mudallal, COO; Ger Wright, managing director, Sports; David Daly, non-executive chair of the board; Nicola Frampton, non-executive director; Richard Bottomley, non-executive director; Helen Wright, non-executive director; Sir Jon Thompson, non-executive director; and Cally Price, non-executive workforce director and workers representative.
Last month, it was reported that Frasers Group’s profits-before-tax rose 13.1% to £544.8m for the year ended 28 April, hitting the top-end of its previous guidance range.
This comes despite retail revenues falling by more than £100m to £5.3bn, with overall revenues declining by 0.9% to £5.5bn.
However, the group managed to hit the top-end of its guidance thanks to the continued success of its Elevation Strategy and strengthened brand partnerships, which had a positive impact on year-on-year revenues and gross profit growth.
