BusinessCompany NewsSports Direct chairman’s exit blamed on FD clash

Sports Direct chairman's exit blamed on FD clash

Damaging claims come to light that Sports Direct's chairman is headed for the door because of a poor relationship with the executive team

The continued employment of Bob Mellors, Sports Direct’s under-fire FD is
believed to be at the centre of David Richardson’s reasons for quitting as
chairman.

The former FD of Whitbread left his role at the recently
floated sportswear company after only three months, citing the lack of a strong
working relationship with the executive team as a major factor.

Richardson is believed to have become increasingly frustrated by Mike
Ashley’s insistence on keeping faith with his long-time counterparts despite a
lack of plc experience.

Recently, Mellors has irritated the analyst community with his reluctance to
talk to the City.

Further reading:

Sports Direct chairman quits after just
three months

On the money with Gavin Hinks

FDs make bad chief execs

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