Frasers Group chief executive Michael Murray has been nominated to join the supervisory board at luxury retailer Hugo Boss.
The nomination of Murray comes alongside a string of changes to the supervisory board at Hugo Boss, which typically supervises the policies of the executive board and general affairs of the business.
Hugo Boss confirmed changes to the board including the announcement of Stephan Sturm as a successor to existing chair Hermann Waldemer, who is set to step down at the end of the next annual shareholders’ meeting.
It was also announced that both Murray and Andreas Kurali would run for election to the board at the next annual meeting which is scheduled for May 15, 2025.
Frasers Group chief executive Michael Murray said: “I am delighted to be running for election to the supervisory board of Hugo Boss and am grateful for the invitation to do so.
“We have huge respect for Hugo Boss, its management team, and its strategy, as well as the enormous contribution from all employees as the company makes progress towards its goals.
“I look forward to bringing my retail and transformation expertise to the board and contributing to the future success of the business.”
Hugo Boss said in a statement today that Murray has been “instrumental” in driving the transformation of Frasers Group alongside the development of its premium and digital business arms.
Hugo Boss supervisory board chair Waldemer said: “I am very pleased that we have been able to win such an experienced leader as Stephan Sturm for the supervisory board of Hugo Boss.
“Based on his previous supervisory board activities, and his many years as chairman of the management board and chief financial officer of the Fresenius healthcare group, he brings with him a deep understanding of the capital market. Stephan Sturm, like Andreas Kurali and Michael Murray, will be a great asset to the company.”
This comes as Frasers Group currently holds a 15.5% stake in Hugo Boss, worth £358m, which it has been steadily growing over recent years.
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