Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Sports Direct CFO to follow CEO out the door

Published 13/10/2016, 07:28
© Reuters. A man walks past a Sports Direct store on Oxford Street in London
PSON
-
FRAS
-

LONDON (Reuters) - Sports Direct (LON:SPD) said its chief financial officer had quit to take up a new job, the second management change in less than a month at the British retailer which is trying to mend its battered image.

Sports Direct said CFO Matt Pearson (LON:PSON) would remain in an acting capacity until Dec. 31, and it had appointed Herbert Monteith as its interim head of finance.

Pearson's resignation follows chief executive Dave Forsey's in September, when the company named its billionaire founder and controlling shareholder Mike Ashley as the new CEO.

© Reuters. A man walks past a Sports Direct store on Oxford Street in London

The retailer is fighting on a number of fronts. It cut its profit forecast for the second time in a month on Friday, blaming the latest slump in the pound, a new blow as it tries to improve its working practices after being criticised by politicians.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.