Investors had become increasingly concerned about the power Cowgill wielded, although they enjoyed a stunning surge in the shares under his tenure that took the business from an also-ran into a FTSE 100 company worth nearly £6 billion.
Today interim chair Helen Ashton, leading an almost entirely new board, highlighted “a number of regulatory issues" and said she has "engaged external advisers to carry out a number of independent investigations into certain matters". The company needs to rebase its "governance, risk and control environment", she said.
JD was hit with a £5 million fine from the Competition and Markets Authority after Cowgill met the CEO of Footasylum, Barry Brown, in a car park to discuss a takeover deal.
Denne historien er fra June 22, 2022-utgaven av Evening Standard.
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Denne historien er fra June 22, 2022-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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I struggle with being recognised... I'll never really feel comfortable with it'
