JD Sports denies plans for CEO succesion

JD Sports denied that it was searching for a successor to chief executive and chairman Peter Cowgill after reports on the weekend that investors were unhappy with his dual role.

The FTSE 100 retailer on Tuesday said the board “is not engaged in a process to recruit a chief executive officer or chairman”.

“JD can also confirm that it is continually reviewing the depth of its management team to ensure that the senior operational leadership team in the business has the necessary skills and experience to exploit the ongoing global development opportunities.”

Cowgill has been executive chairman of the sportswear group since 2004 and assumed chief executive responsibilities in 2014.