// The Hut Group hires former ITV founding CEO Charles Allen as chair
// Allen will work on refreshing THG’s board and further strengthen governance and diversity
The Hut Group has hired a new chair as the online retail business strengthens its corporate governance.
The former ITV founding chief executive Charles Allen has joined as its chair.
Allen’s appointment follows an international search initiated in October 2021 when THG committed to splitting the dual roles of executive chair and chief executive held by its founder Matthew Moulding, who will continue as CEO.
Allen will work on refreshing THG’s board and further strengthen governance and diversity.
In addition to reviewing the independent board, Allen will be working with Moulding in developing the management team, as well as refining the group’s strategy.
Moulding said: “I am delighted that we have been able to attract someone of Charles’s calibre and reputation. He has extensive boardroom experience across a range of sectors spanning 40 years.
“Charles has chaired large, successful, dynamic companies and has experience working with entrepreneurs. Charles’s consumer, retail, digital and media expertise, knowledge and skills will help THG to continue to drive profitable and sustainable growth, deliver for all our stakeholders and to meet the highest standards of corporate governance.
“Furthermore, on a personal note, his appointment will enable me to focus my attention on delivering the group’s plans for growth.”
Allen said: “It is a privilege to be joining THG as the board’s chair with a clear mandate to improve governance and transparency, strengthen the board by improving its independence and diversity, review and develop the strategy and support management as it seeks to further strengthen its talented leadership team.
“This is a fast-paced, extremely exciting business which has grown rapidly and has many opportunities for significant future growth. Over several weeks I have had the opportunity to meet the board and senior team, see the operation and understand the finances and business plans.
“The group has announced a number of strategic options for 2022 and beyond, I look forward to working with Matthew and the team to review these and I will update on progress over the next six months as the plans take shape.
“Matthew is now able to focus full-time on the business which, combined with a very strong management team and passionate committed colleagues throughout the business, ensures THG is well placed to deliver for all its stakeholders.”