Frasers CEO Murray nominated to Hugo Boss board, Stephan Sturm to be chairman

By

Sandra Halliday

Published
December 17, 2024

Not all of the stories around Frasers Group representatives and boardroom seats in the companies in which it’s invested are negative ones.

In fact, on Tuesday, Hugo Boss (in which Frasers is a major investor) released news of proposed changes to the membership of its Supervisory Board, including the nomination of Frasers CEO Michael Murray as a member.

Murray said he was “delighted” to be running for election to the board and is “grateful for the invitation to do so. We have huge respect for Hugo Boss, its management team, and its strategy, as well as the enormous contribution from all employees as the company makes progress towards its goals. I look forward to bringing my retail and transformation expertise to the board and contributing to the future success of the business”.

The news came with the announcement that Stephan Sturm is to take over as chairman of the board following the next Annual Shareholders' Meeting. 

The Nomination Committee has proposed him as successor to Hermann Waldemer for the election that takes place in May, alongside the nomination of Murray and Andreas Kurali (former deputy CFO at US tobacco firm Philip Morris International) to board seats. They’ll replace Gaetano Marzotto and Robin J Stalker who will step down alongside Waldemer.

Waldemer said he’s “very pleased that we have been able to win such an experienced leader as Stephan Sturm. Based on his previous supervisory board activities, and his many years as chairman of the management board and chief financial officer of the Fresenius health care group, he brings with him a deep understanding of the capital market”.