Wednesday, 12 September 2018

Under-fire Sports Direct chairman Keith Hellawell to 'retire'



Keith Hellawell, who presided over the fallout of controversial working practices at Sports Direct, is to "retire" as chairman.
 
Ahead of the retailer's AGM on Wednesday, the company put out a statement to say the former top policeman and government drugs tsar would not be putting his name forward for re-election.
 
 
Dr Hellawell has twice needed the voting power of the company's majority shareholder and current chief executive, Mike Ashley, to survive in post following a bruising few years for Sports Direct.


He has faced stinging criticism from investors since 2015 amid anger over corporate governance issues and a political row over the treatment of staff.


Sports Direct Chairman Keith Hellawell arrives for a general meeting to vote on his re-appointment in Shirebrook, January 5, 2017.



Dr Hellawell was expected to face continuing pressure from institutional investors on curbing Mr Ashley's control of Sports Direct during the shareholder meeting.




SKY     News.