Tuesday, September 19, 2017

Sports Direct appoints interim CFO to settle anxious investors

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Sports Direct has finally appointed an interim Chief Financial Officer to reassure unsettled investors who were concerned that a salient position at Britain’s biggest sporting goods retailer had been unfilled for almost a year and a half.

18 months after Bob Mellors retired as Finance Director in December 2013, Matt Pearson has been promoted to acting CFO from Group Financial Controller and is to join the board immediately.  

Prior to joining Sports Direct in 2007, Pearson was an accountant at Ernst & Young.

Commenting on the appointment, company Chairman Keith Hellawell, said: “After a thorough process and following soundings from leading institutions I am delighted that Matt has been appointed acting chief financial officer and is to join the board.

Matt is already leading our group finance team and is now perfectly placed to take on the additional responsibilities of this role on an interim basis.”

The retailer said it had made the decision after consulting with shareholders, some of who had voiced their concern about corporate governance at Sports Direct in recent months.

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