JD Sports names former B&Q executive Regis Schultz as new head

Following the sportswear company’s boardroom overhaul, JD Sports has appointed former B&Q executive Regis Schultz as its new boss.

A month after appointing a new chairman following the sudden exit of longtime former executive chairman Peter Cowgill, the retail conglomerate named Mr. Schultz as chief executive officer.

Mr. Schultz will join JD from the Dubai-based Al-Futaim Group in September.

The French executive has been President of Retail at the company, which has operated partner stores in the Middle East, Asia and North Africa since 2019 for brands including Ikea, Zara and M&S.

Regis SchultzRegis Schultz, incoming chief executive officer at JD Sports (JD Sports/PA)

He previously headed French grocery chain Monoprix and held several senior roles at DIY conglomerate Kingfisher, including as chief operating officer of B&Q.

It comes a day after JD agreed to sell its Footaslyum business for £37.5 million and lost more than £50 million after a UK competition watchdog ordered the high street footwear firm to take down.

JD Sports highlighted Mr. Schultz’s “strong track record” of growing operations in international markets.

The sportswear retailer has grown in recent years with a number of international acquisitions, including Cosmos Sports in Greece and Shoe Palace in the US and the majority of DTLR.

Mr. Schultz said: “JD has consistently proven itself to be one of the most successful operators of multi-brand retail formats in the world.

“We are committed to delving deeper into the international development of our brands, applying our experience and execution expertise, and further enhancing our market-leading multi-channel customer experience.

“I am very excited to join the group and look forward to working with the team to uncover growth opportunities.”

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The appointment comes after former Morrison chairman Andrew Higginson was named as the next president of JD Sports.

The retail giant took on the role after Mr. Cowgill stepped down in May after 18 years as executive chairman of the sportswear retailer.

His resignation came after the company was fined £4.3 million for exchanging information with Futasilm in February, amid reports that Mr Cowgill had planned a meeting at a car park in Bury with a counterpart of the brand JD Sports. was planned. ,

In May, the firm announced that Mr Cowgill was stepping down after a review of its internal governance and controls, deciding that there was also a need to accelerate the “separation of the roles of chairman and chief executive officer”.

Mr Higginson said: “The Regis brings exactly the features we were looking for.”

“He is a retailer through and through with experience in all kinds of retail formats.

“He has also made a transformational change through digitization in many of his roles.

“Ultimately, he has significant international experience which will be very important as he works with me and our senior team to execute on our growth strategy.”