JD Sports CFO to step down next year

JD Sports has announced that Neil Greenhalgh will step down from his role as chief financial officer (CFO) next year. 

The Nominations Committee, led by Andy Higginson, will now begin a process to recruit his successor. 

According to the group, Greenhalgh is committed to assist in this process to help ensure an orderly succession, and will work with the board and KPMG in the audit and subsequent publication in Spring 2023 of JD’s financial statements for the year ended 28 January 2023.

Andy Higginson, chair, said: “Neil joined JD in 2004 and has been CFO since November 2018. He has been a key part of the team that has delivered tremendous growth in the business.

“The board would like to thank him for his constructive approach which allows us to search, recruit and induct the best replacement to support the growth plans of the business in a measured way whilst retaining all his experience and knowledge. In the meantime, it’s business as usual whilst the search is underway.” 

Greenhalgh added: “The decision to step back from JD during 2023 is one that I have been considering for some time. I fully intend to help Andy and Régis settle into their roles and, by giving the board advanced notice, enable a smooth transition to a new CFO.”