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LONDON - Frasers Group plc announced Friday that Sir Jon Thompson will succeed David Daly as Chair effective September 1, 2025, as part of several board changes at the retail company.
Daly will step down at the company’s Annual General Meeting on September 24 after eight years of service, the company said in a press release. Additionally, board members Ger Wright and Helen Wright will not seek re-election at the upcoming AGM.
The company plans to appoint Andy Lyon, a former PwC partner, as a Non-Executive Director. Lyon previously served as audit partner for Next and its credit business during his 24-year partnership at PwC, where he specialized in retail and consumer markets.
Frasers Group also indicated it expects to announce a second Non-Executive Director appointment soon, according to the statement.
Sir Jon Thompson, who joined Frasers’ Board as a Non-Executive Director in June 2024, brings experience in corporate governance and major project management to his new role as Chair.
"I am very much looking forward to working alongside Board colleagues, the Group Executive Team and the wider company to continue Fraser Group’s evolution," Thompson said in the statement.
CEO Michael Murray acknowledged Daly’s contributions, stating his leadership "has been instrumental in helping us deliver on our Elevation Strategy."
The board changes come as Frasers Group continues to implement its long-term growth strategy in the global retail sector.
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