Keith Hellawell leaves Sports Direct after a tumultuous period; founder Mike Ashley hits back at media and City for backing company performance, yet “stabbing Sports Direct in the back”.
After a long-running battle between the board and institutional shareholders, chairman Keith Hellawell has stepped down from the business prior to its AGM. Hellawell had faced a large number of votes against his reappointment to the role in the past couple of years, mainly due to broad concerns about the retailer’s governance and working practices. Simon Bentley has also retired as a non-executive. Another non-executive, David Daly, replaces Hellawell and will also chair the nomination committee. Nicola Frampton joins the board as a non-executive from 1 October 2018, and Cally Price has been elected as the next worker representative to the board. Hellawell said the time was right to step aside after “having overseen signific