THG strengthens board with new independent non-executive director

The Hut Group

THG Holdings has appointed Damian Sanders as an independent non-executive director of the group as it seeks to bolster long-term growth plans.  

Sanders, who has acted as an advisor and a corporate governance specialist to a number of FTSE boards for over 20 years, will join the board and take up the position of chair of the remuneration committee with immediate effect.  

Last month Sanders was appointed as an independent special advisor to the board’s audit and risk committee and he will remain on this committee in his new capacity as an independent non-executive director.

The board has also announced plans to appoint a fourth independent non-executive director within the 12 months following its successful initial public offering (IPO) and admission as a public listed company.

The technology platform for health, beauty and fashion brands began trading on the London Stock Exchange in September and floated with an initial value of £4.5bn.

THG also plans to make additional appointments to its special advisor panel during the period.

Until recently Sanders held the role of senior audit partner at Deloitte in Manchester and was a member of Deloitte’s North West leadership team.

This August he was also appointed to the board of Cineworld plc as an independent non-executive director.

Commenting on Sanders’ appointment, group chief executive and executive chairman Matthew Moulding said: “THG will greatly benefit from the wealth of experience across commercial, audit and corporate governance that he brings.

“Since IPO, it has been one of our key priorities to strengthen our board, whilst giving careful consideration to ensure we are bringing the right expertise and support to THG.

“Damian’s appointment is testament to THG’s rigorous commitment to making quality appointments that will complement the board and support the group’s long-term growth.

Sanders added: “I am delighted to be joining the board of THG. The group’s strong performance since admission is indicative of an exciting and prosperous future, and I very much look forward to being a part of and supporting THG on the next stage of its journey.”