FRAS Frasers Group Plc

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RNS Number : 6190K

Sports Direct International Plc

23 September 2016

23 September 2016

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

Board & Executive Management changes

The Board of Sports Direct announces that Dave Forsey resigned yesterday (22 September 2016) as Chief Executive and as a director of the Company.

The Board has appointed Mike Ashley as Chief Executive with immediate effect. Mike Ashley will continue to be supported by the existing executive management team, and Dave Forsey has agreed to facilitate a smooth handover of his responsibilities. In addition, the Company is pleased to announce that Karen Byers has been promoted to the role of Global Head of Operations, and Sean Nevitt has been promoted to the role of Global Head of Commercial, both with immediate effect.

Dave Forsey said: "I have given my entire working life to the Company and in return the Company has given me amazing opportunities and experiences. I wish everyone at Sports Direct well in the future.".

Keith Hellawell, Chairman of the Company, said: "I would like to thank Dave for his significant contribution over the last 32 years and during a period of significant growth and change at the Company. On behalf of all the people at Sports Direct I wish him well in his future endeavours."

Mike Ashley, Chief Executive, said: "I feel like I have lost my right arm, but I do hope to have the opportunity to work with Dave again in the future.".

Ends.

Sports Direct International plc

Keith Hellawell, Chairman

T. 0344 245 9200

KBA PR

Keith Bishop

T. 0207 734 9995

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 23, 2016 02:00 ET (06:00 GMT)

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