9 July 2021
JD Sports Fashion Plc
JD Sports Fashion Plc (the "Company") announces that Martin Davies, Senior Independent Non-Executive Director who has served on the Board since 1 October 2012 and was nearing the end of the recommended nine year tenure period for an independent non-executive director, has now informed the Board of his intention to step down from the Board and as Chair of the Audit Committee with immediate effect.
As previously announced in our recent AGM statement, JD acknowledges that the composition of its Board should reflect the current scale, momentum and global positioning of the Group, the need to create additional diversity within its membership, and address the tenure of certain Board members who have served on the Board for longer than recommended within the Corporate Governance Code.
The Board has already invited the independent non-executive directors to commence a selection process on new non-executive directors and make recommendations to the Nominations Committee. Accordingly, the Group expects to be in a position to make an announcement about Martin's successor in the short term.
In the interim period, the Audit Committee will elect a temporary Chair in respect of any scheduled Audit Committee meetings which may take place before a new Audit Committee Chair is appointed.
Peter Cowgill, Executive Chairman, said: "After nearly nine years on the Board, I would like to thank Martin for his valued contribution to JD Sports Fashion Plc, in his roles as Senior Independent Director and Audit Committee Chair. We wish him well for the future."
This announcement is made in compliance with the Company's obligations under Listing Rule 9.6.11.
JD Sports Fashion Plc Tel: 0161 767 1000
Peter Cowgill, Executive Chairman
Neil Greenhalgh, Chief Financial Officer
Jennifer Iveson, Investor Relations
MHP Communications Tel: 0203 128 8788