Frasers CEO Michael Murray nominated for Hugo Boss board seat

Frasers Group will be waiving new chief executive Michael Murray's £1m base salary until the end of the business's financial year...
FashionLuxury goods

Frasers Group CEO Michael Murray has been nominated for a role on Hugo Boss’ supervisory board as the German retailer unveiled a host of new members today (17 December).

Hugo Boss said Stephan Sturm will step in as chairman of the supervisory board, replacing Hermann Waldemer, who has held the position since 2020.

The fashion brand has also put forward Murray and Andreas Kurali, the former deputy CFO of US tobacco giant Philip Morris International, as candidates for board membership. Gaetano Marzotto and Robin J. Stalker will join Waldemer in stepping down from the board next year.

Shareholders are set to vote on the proposed appointments during the company’s annual meeting on 15 May, 2025.



Frasers Group, which initially snapped up a 5.1% stake in Hugo Boss in June 2020, now holds 7.99% of the brand’s total share capital through 5.6 million common stock shares. It also controls an additional 13.81% through put options as of July.

Murray said: “We have huge respect for Hugo Boss, its management team, and its strategy, as well as the enormous contribution from all employees as the company makes progress towards its goals.

“I look forward to bringing my retail and transformation expertise to the board and contributing to the future success of the business.”

Click here to sign up to Retail Gazette‘s free daily email newsletter

FashionLuxury goods

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

FashionLuxury goods

Share:

Frasers CEO Michael Murray nominated for Hugo Boss board seat

Frasers Group will be waiving new chief executive Michael Murray's £1m base salary until the end of the business's financial year...

Social


SUBSCRIBE TO OUR DAILY NEWSLETTER

  • This field is for validation purposes and should be left unchanged.

Frasers Group CEO Michael Murray has been nominated for a role on Hugo Boss’ supervisory board as the German retailer unveiled a host of new members today (17 December).

Hugo Boss said Stephan Sturm will step in as chairman of the supervisory board, replacing Hermann Waldemer, who has held the position since 2020.

The fashion brand has also put forward Murray and Andreas Kurali, the former deputy CFO of US tobacco giant Philip Morris International, as candidates for board membership. Gaetano Marzotto and Robin J. Stalker will join Waldemer in stepping down from the board next year.

Shareholders are set to vote on the proposed appointments during the company’s annual meeting on 15 May, 2025.



Frasers Group, which initially snapped up a 5.1% stake in Hugo Boss in June 2020, now holds 7.99% of the brand’s total share capital through 5.6 million common stock shares. It also controls an additional 13.81% through put options as of July.

Murray said: “We have huge respect for Hugo Boss, its management team, and its strategy, as well as the enormous contribution from all employees as the company makes progress towards its goals.

“I look forward to bringing my retail and transformation expertise to the board and contributing to the future success of the business.”

Click here to sign up to Retail Gazette‘s free daily email newsletter

FashionLuxury goods

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

RELATED STORIES

Latest Feature


Menu


Close popup

Please enter the verification code sent to your email: