Clash at JD Sports: Questions for chief over his future
The chief executive of JD Sports is set to face questions after the retailer’s chairman left in a dispute over his leadership.
Boss Regis Schultz is likely to be asked if he will stay in his role when the FTSE 100 business posts its annual results on Thursday.
Andy Higginson quit as chairman last month after trying to get Schultz ousted, but failing to win unanimous backing for this from the group’s board.
Schultz had been backed by majority investor Pentland, the sportswear business owned by the billionaire Rubin family.
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But experts say the debacle raises fresh questions over Schultz’s future, with shares down more than 40 per cent since he took the job in September 2022.
Given the share price fall, Dan Coatsworth at AJ Bell said: ‘It’s only natural to ask how long Regis Schultz can stay as CEO.’
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