JD Sports confirms Al-Futtaim's Schultz as CEO
JD Sports Fashion on Tuesday confirmed that Régis Schultz has been appointed as its new CEO “following an extensive executive global search process” and after speculation last week that he would be named to the post.
He should join JD in September at which time Kath Smith will undertake a full handover of her interim CEO duties to Régis during a short transitionary period. She’ll then resume her former role as Senior Independent Director on the board.
JD said: “Régis brings with him a wealth of retail experience as CEO, including of a UK-listed retail business, and across retail categories including home, fashion, electrical sporting goods and food. In particular, he has a strong track record of effecting transformational change through digitisation, driving multi-channel growth strategies and working across international markets.”
He joins from Al-Futtaim Group, the Dubai-based conglomerate that's partner to many of the world's most high-profile companies across automotive, retail, financial services, real estate and health, and where he has been President of Retail since 2019.
The retail division has helped to launch and build brands including Zara, IKEA, Hugo Boss, M&S and Lacoste and operates in Middle East, Asia and North Africa.
He also has more than a decade's experience leading major retail businesses. Prior to joining Al-Futtaim, he was CEO of Monoprix, the French city-centre food and fashion retailer that’s part of Groupe Casino. During his time there he launched and executed a new digital strategy, signed a partnership with Amazon, concluded the first international partnership with Ocado and concluded the acquisition of an online shoes' pure player.
Andrew Higginson, Non-Executive Chair of JD, said: “The board has taken this opportunity to conduct a truly global search to find the right candidate to lead JD on the next stage in its development. Régis brings exactly the characteristics we were looking for. He is a retailer through and through with experience across all types of retail formats. He has also delivered transformational change through digitisation in a number of his roles. Finally, he has significant international experience which will be very important as he works with myself and our senior team to execute on our growth strategy. We very much look forward to Régis joining us.”
And Schultz added: “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 going deeper in the international development of our brands applying our experience and executional expertise and further enhancing our market leading multi-channel customer experience. I am very excited to be joining the group and look forward to working with the team to deliver on the growth opportunities.”
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