JD Sports rebels claim remuneration chair’s scalp

Lynn Imbier

Rebel stakeholders ousted Andrew Leslie, 74, at its once-a-year common meeting on Thursday. He is stepping down with immediate effect just after eleven years on the sportswear retailer’s board. Buyers had been vocally disappointed with JD Athletics Fashion’s fork out practices and the length of Leslie’s tenure, top 54.six{cbf6da10fac2230370cea9448ed9872290737d25c88b8c8db3eefaf8c399e33d} of […]

Rebel stakeholders ousted Andrew Leslie, 74, at its once-a-year common meeting on Thursday. He is stepping down with immediate effect just after eleven years on the sportswear retailer’s board.

Buyers had been vocally disappointed with JD Athletics Fashion’s fork out practices and the length of Leslie’s tenure, top 54.six{cbf6da10fac2230370cea9448ed9872290737d25c88b8c8db3eefaf8c399e33d} of shareholders to vote towards his re-election. He had been chairman of the fork out committee because 2013.

JD Athletics will elect a short term chair of its remuneration committee ahead of commencing the research for Leslie’s extensive-phrase substitute.

A new share-based mostly general performance award and remuneration coverage acquired 80{cbf6da10fac2230370cea9448ed9872290737d25c88b8c8db3eefaf8c399e33d} of investor guidance at the AGM.

Executive chairman Peter Cowgill was awarded £4.3m in fork out very last yr. He acquired £6m of bonuses all through the pandemic in four separate funds payments.

JD Athletics Style explained that all potential awards will be in shares.

JD explained it envisioned pre-tax gains to be “no considerably less than” £550m – up from very last year’s £324m.

JD has fully commited to separating Cowgill’s roles and using the services of a chief govt. Its report mentioned that succession scheduling has taken put. The company, nevertheless, issued a stock industry assertion on one June stating there was no recruitment course of action less than way.

 

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