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THG PLC on Tuesday said Non-Executive Director Damian Sanders will move over to be its new chief financial officer, starting immediately, taking over from John Gallemore, who is becoming chief operating officer.
THG is a Manchester-based online beauty products retailer that trades as The Hut Group.
Sanders joined the board in November 2020 as an independent non-executive director. Prior to joining THG, Sanders was a senior audit partner at Deloitte LLP for 20 years.
Chief Executive Officer Matthew Moulding said: ‘Damian has played a key role since joining the group and board, chairing to great effect numerous important projects over the past two years, not least the recently delivered divisional reorganisation. Damian’s experience and energy will prove invaluable as we look to deliver the key initiatives planned across the group for 2023 and beyond.’
THG shares were down 1.2% at 55.13 pence each on Tuesday morning in London.
By Xindi Wei, Alliance News reporter
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