Frasers CEO Michael Murray joins Hugo Boss board amid leadership shakeup

Michael Murray, CEO of Frasers Group, has been appointed to the Supervisory Board of Hugo Boss following the company’s Annual General Meeting on 15 May 2025.

At just 35, Murray is the youngest member of the newly constituted board and brings a digitally-driven retail perspective to the German fashion giant. He was one of three new shareholder representatives elected to the Supervisory Board.

Alongside Murray, Stephen Sturm, who currently chairs the Board of the Heinz Hermann Thiele Family Foundation and brings decades of leadership experience, was elected Chair of the Supervisory Board. Sturm brings with him a wealth of experience in corporate leadership. He spent 18 years at Fresenius Group, first as CFO and later as CEO, and has held senior supervisory roles at Lufthansa, Fresenius Medical Care, and Knorr-Bremse.

In addition to Murray and Sturm, Andreas Kurali was appointed Chairman of the Audit Committee, taking over key financial oversight responsibilities. All three Supervisory Board members will serve a standard five-year term.

Iris Epple-Righi, Luca Marzotto and Christina Rosenberg were re-elected to the Board.

Sturm said: "I am firmly convinced that Hugo Boss is oriented towards a very successful future. This is why I look forward to making a decisive contribution to this success, together with the Management Board and the Supervisory Board team.

"On behalf of the entire Supervisory Board, I would like to thank the outgoing members Gaetano Marzotto, Robin J. Stalker, and, of course, my predecessor Hermann Waldemer for their successful work."

This comes as a pivotal time for the growing company as it looks to demonstrate resilience amid global macroeconomic uncertainty. So far, so good. Last month, it reported better-than-expected first-quarter results. Despite subtle sales dips, the fashion label reaffirmed its full-year 2025 outlook.

Although it finished 2024 on an all-time high, for the first quarter of 2025, the company posted currency-adjusted sales of €999 million (£859 million), a 2% decline from €1.014 billion (£872 million) in Q1 2024.

Looking ahead, Hugo Boss said it expects sales to remain broadly in line with 2024 levels, ranging between €4.2 billion and €4.4 billion (£3.61–£3.79 billion).