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10 Sep 2015 04:25pm

Sports Direct re-appoints Grant Thornton as auditor

Grant Thornton will remain as auditor of Mike Ashley's sports retail giant

The mid-tier firm received over 93% of the shareholder votes for re-appointment at Sport Direct’s annual AGM.

Meanwhile, Ashley, chairman of the FTSE 250 company, received approval – 88% of the vote - from shareholders to remain on the job, despite criticism from some shareholders over his governance practices.

Shareholder Royal London Asset Management said earlier in the week it would vote against Ashley’s re-election as chairman.

Earlier in June, Sports Direct appointed Matt Pearson, a chartered accountant, as an acting CFO 18 months after the retirement of Bob Mellers.

He joined the company as an accountant in 2007 from EY and was subsequently appointed group financial controller.

Sports Direct has been criticised by shareholders for the delay in appointing a replacement for Mellers.

Jessica Fino

 

 

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