Superdry bolsters senior team with double appointment

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Superdry boardroom
// Superdry hires two new board members to bolster team
// Georgina Harvey and Faisal Galaria will join on July 29
// Harvey is also set to become chairman of the remuneration committee

Superdry has appointed two new non-executive directors to the board, as the retailer looks to bolster its senior management team.

Georgina Harvey and Faisal Galaria will join on July 29.

Harvey is also set to become chairman of the remuneration committee. She is currently senior independent director and chair of the remuneration committee of McColl’s Retail group.

She also sits on the board of betting company William Hill, which announced it would close 700 stores earlier this month.

Meanwhile, Galaria recently stepped down as chief strategy and investment officer at insurance business Gocompare Group.

He has also held roles with Spotify, travel website Kayak.com and social media network Skype.

Moreover, Superdry has had its fair share of struggles, as earlier this month it reported a statutory pre-tax loss of £85.4 million for the year to 27 April 2019, compared with a £65.3 million profit last year.

On an underlying basis, profits before tax plummeted 56.8 per cent to £41.9 million, while revenue remained flat at £871.7 million.

“These are clearly a very disappointing set of results,” Superdry chairman Peter Williams said.

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