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JD Sports Fashion PLC on Wednesday said Chief Financial Officer Neil Greenhalgh will step down next year.
Shares were down 7.0% at 92.52 pence each on Wednesday morning inr London.
The Greater Manchester-based company is a multichannel retailer of branded athleisure wear.
It said it will now start a process to recruit a successor.
Chair Andy Higginson 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.’
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.’
Regis Schultz was named the company's chief executive officer in August, joining from Dubai-based conglomerate Al-Futtaim Group.
Higginson was hired in July to become its new chair, he was formerly chair of supermarket chain Wm Morrison Supermarkets PLC.
Higginson replaced Peter Cowgill, who left in May. In July last year, JD Sports split the chair and CEO roles previously held by Cowgill, under shareholder pressure over its corporate governance.
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