BusinessCompany NewsJD Sports loses group FD

JD Sports loses group FD

Malcolm Blackhurst, the group finance director of John David, owner of the JD Sports stores, is leaving the company after 11 years.

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Chairman Roger Best denied that Blackhurst’s departure was due to the group’s poor set of half-year results, released yesterday, which saw losses climb to £5.64m for the six months to 31 July 2003.

‘Malcolm is not a scapegoat,’ said Best, who described the departure of Blackhurst as amicable, the FT reported.

‘Negotiations regarding a new group finance director are at an advanced stage and an announcement will be made shortly,’ the company said.

Blackhurst will remain at the company until a replacement is recruited.

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