Friday, 14 October 2016

Sports Direct international's acting finance boss resigned

Mike Ashley

Sports Direct International announced its acting finance boss is quitting few weeks after its chief executive resigned.

The group - which saw founder and Newcastle United owner Mike Ashley step in as chief executive last month - said Matt Pearson was leaving at the end of the year to take a role with another firm.

He is being replaced on an interim basis by Herbert Monteith - an experienced and long-standing member of the finance team, according to Sports Direct.

The announcement comes after Sports Direct warned last week over a profits hit from the tumbling pound, which sparked concerns that Mr Pearson was still employed on an acting basis and that the group had not moved to appoint a permanent finance chief.

Sports Direct has been embroiled in controversy in recent months, with Mr Ashley hauled before MPs to be grilled over working conditions, the company hosting a tumultuous "open day" at its headquarters and its chief executive Dave Forsey quitting.


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