// JD Sports chief financial officer Neil Greenhalgh to step down next year
// Greenhalgh will assist JD Sports in this process to help ensure “an orderly succession”
JD Sports’ chief financial officer Neil Greenhalgh has informed the board of his intention to step down from his role next year.
The Nominations Committee, led by chair Andy Higginson, will now commence a process to recruit a successor.
Greenhalgh will assist in this process to help ensure “an orderly succession”.
He will work with JD and KPMG in the audit and subsequent publication in Spring 2023 of the retailer‘s financial statements for the 52 weeks to 28 January 2023.
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“Neil joined JD in 2004 and has been CFO since November 2018. He has been a key part of the team that has delivered tremendous growth in the business,” Higginson said.
“The board would like to thank him for his constructive approach which allows us to search, recruit and induct the best replacement to support the growth plans of the business in a measured way whilst retaining all his experience and knowledge.”
Greenhalgh said: “The decision to step back from JD during 2023 is one that I have been considering for some time. I fully intend to help Andy and Régis settle into their roles and, by giving the board advanced notice, enable a smooth transition to a new CFO.”
The resignation comes after JD Sports said it will continue to be “cautious” last month as its first-half profits dropped due to inflationary pressures.
Revenues for the six months to July 3 rose to £4.418 billion, up from £3.885 billion the previous year but pre-tax profits fell to £298.3 million, down from £364.6 million in 2021.
