Board member Sanders becomes THG CFO, Gallemore moves to COO
There’s been an executive reshuffle at the THG Group. Damian Sanders has been appointed Chief Financial Officer with immediate effect. That comes as previous CFO John Gallemore now becomes Chief Operating Officer.
The internal CFO appointment follows an extensive search both internationally and domestically. “Damian has an in-depth understanding of THG's businesses, people and culture, having been a member of the board for the past two years”, the company explained.
Sanders joined the THG board as an Independent Non-Executive Director in November 2020, becoming Audit Committee Chair and Chair of the Divisional Reorganisation Committee in July 2021
“Through his work with and knowledge of THG, the board believes Damian is ideally placed to take on the role of CFO,” we’re told. Prior to joining THG, he was a Senior Audit Partner at Deloitte for 20 years and a member of Deloitte's North West Leadership Team,
The appointment will enable Gallemore, who has been covering both the Finance and Operations functions until now, “to focus solely on the role of COO and build on the excellent progress he has overseen in THG's global fulfilment footprint”.
CEO and founder 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.
“I'm also delighted to appoint John as COO, which follows a smooth and expansive rollout of the Group's global distribution network, alongside his excellent work in leading Ingenuity through its formative years. John's knowledge of the business is second-to-none, and the appointment of Damian will allow John to work closely with me on further evolving the commercial and operating models of each of our divisions.”
In the meantime, as a result of Sanders’ appointment as CFO, Dean Moore will take on the Audit Committee Chair and Senior Independent Director roles on an interim basis.
THG also said it has recently appointed two Independent Non-Executive Directors with further appointments expected, while it “continues to strengthen Corporate Governance”.
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