Finance
UK's Frasers appoints insider Jon Thompson as chair
Published by Global Banking & Finance Review®
Posted on August 29, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 29, 2025
1 min readLast updated: January 22, 2026
Frasers appoints Jon Thompson as chair, succeeding David Daly. Thompson's governance expertise is expected to drive Frasers' global retail growth.
(Reuters) -British sportswear and fashion retailer Frasers on Friday appointed insider Jon Thompson as the chair of its board, after announcing that David Daly will be stepping down.
Frasers, owned by British businessman Mike Ashley, has been expanding into new markets while pursuing boardroom influence in rivals, including failed attempts at board control of Debenhams and a rejected bid for luxury handbags maker Mulberry.
Thompson, who joined Frasers' board as a non-executive director in June 2024, has previously served as chief executive of the Financial Reporting Council, and as the permanent secretary of the UK's Ministry of Defence.
"Jon's deep experience in corporate governance and strategic leadership will be invaluable as we continue to grow as a leading global retail business," CEO Michael Murray said in a statement.
After an eight-year tenure as chair, Daly will step down on September 1 and exit the board entirely following the annual general meeting on September 24, the company said.
(Reporting by Unnamalai L and Raechel Thankam Job in Bengaluru; Editing by Sonia Cheema)
Corporate governance refers to the systems and processes that direct and control a company. It encompasses the mechanisms through which companies, and their stakeholders, are held accountable.
A chairperson is the leader of a board of directors, responsible for overseeing meetings, guiding discussions, and ensuring that the board fulfills its duties effectively.
A non-executive director is a member of a company's board who does not engage in the day-to-day management of the company but provides independent oversight and guidance.
Retail trade involves the sale of goods and services directly to consumers. It encompasses various formats, including stores, online platforms, and direct sales.
A board of directors is a group of individuals elected to represent shareholders and oversee the management of a company, ensuring it operates in the best interests of stakeholders.
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