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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