Sports Direct International Plc reported its acting Chief Financial Officer Matt Pearson is resigning to accept another job.
Pearson will remain with Sports Direct as acting chief financial officer until December 31, 2016.
To assist with a smooth handover and transition, the company has appointed Herbert Monteith, an experienced and long-standing member of the finance team, as interim head of finance, which is not a board position. Monteith will continue to work closely with Karen Byers, global head of operations, and Sean Nevitt, global head of commercial.
Mike Ashley, chief executive, commented: “Matt has been a valued member of the Sports Direct family for over nine years and he will be a loss to the Company. I wish him all the best for the future and would like to thank him for his time at Sports Direct.”
Last month, the company’s Chief Executive Dave Forsey abruptly quit after three decades at the retailer following the report of disappointing full-year results that led the retailer to axe staff bonuses. Its billionaire founder and owner Ashley took over as CEO.
On October 11, the U.K.’s largest sporting goods retailer warned that the extreme swings in the pound would reduce this fiscal year’s profit target by about £15 million. In addition, if the pound averages $1.20 over the financial year, it may lose another £20 million, the company said in a statement. Sports Direct pays for the majority of its product in dollars, which makes it particularly vulnerable to foreign-exchange movements.
