Frasers Group, owned by Mike Ashley, has made a strategic board appointment, enhancing its governance and leadership with significant expertise.
- Sir Jon Thompson, former CEO of the Financial Reporting Council, joins Frasers Group’s board as a Non-Executive Director (NED).
- Thompson’s extensive career includes pivotal roles at HMRC and the Ministry of Defence, contributing to major projects and governance reforms.
- Michael Murray, CEO of Frasers Group, emphasizes Thompson’s experience as a crucial asset for the company’s strategic advancement.
- The appointment aligns with previous announcements of board changes and expansions made in February.
Frasers Group, under the ownership of Mike Ashley, has confirmed the addition of Sir Jon Thompson to its board as a Non-Executive Director. This appointment marks a significant step in strengthening the group’s governance and leadership as it moves forward strategically.
Sir Jon Thompson brings with him a wealth of experience from his previous roles, most notably as CEO of the Financial Reporting Council from 2019 to 2023 and CEO of HMRC between 2016 and 2019. His career is distinguished by his leadership in finance and governance, areas critical to Frasers Group’s objectives.
Thompson’s tenure at the Ministry of Defence, where he served as permanent secretary from 2012 to 2016, highlights his capability in overseeing major projects and driving substantial change. His expertise in these areas is expected to be instrumental to Frasers Group’s future endeavors.
Michael Murray, Frasers Group’s CEO, stated: “Sir Jon’s expertise in corporate governance and major project management will be invaluable as we enter the next phase of our strategy.” This strategic alignment is anticipated to enhance the company’s decision-making and governance framework.
The decision to appoint Thompson aligns with earlier announcements made in February, indicating a broader strategy of board diversification and enrichment within Frasers Group. This move underscores a commitment to bolstering the board with experienced and skilled individuals.
Sir Jon Thompson’s appointment is a pivotal move for Frasers Group’s strategic governance advancement.
