Britain’s JD Sports activities (JD.L) mentioned on Tuesday it was not trying to find a brand new chief government officer or chairman, two days after a media report claimed the sportswear retailer was stepping up succession planning as a result of stress from buyers.

The Occasions report on Saturday mentioned institutional buyers have been uneasy about Peter Cowgill’s joint roles as JD Sports activities’s government chairman and CEO over the previous a number of years.

The Occasions quoted Cowgill as saying that his twin position was frequent in america, and denying that he was planning to go away or at hand over some duties. “I am undoubtedly not going anyplace,” he advised the Occasions.

JD Sports activities’s on-line enterprise carried out properly by the pandemic, prompting the corporate to announce in April that it will resume dividends after beating analyst expectations for full-year revenue.

The corporate has launched into at the least three massive acquisitions in america and Europe in current months.

JD Sports activities had in January acknowledged investor considerations relating to the cash-based nature of the long-term incentive plan and bonus funds for government administrators, following its annual basic assembly the place a 3rd of shareholders voted in opposition to the remuneration coverage.

Our Requirements: The Thomson Reuters Trust Principles.

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