The boss of an activist shareholder group, which has a stake in THG, has joined the board of fashion giant Boohoo.
John Goold is the chief executive of Kelso Group having previously co-founded Arden Partners before joining Zeus Capital as CEO.
He has joined the Manchester group with immediate effect as a non-executive director and will become chairman of the audit committee and be a member of the nomination, remuneration and risk committees.
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Group executive chairman Mahmud Kamani said: "John has deep operational and advisory experience at board level gained over an extensive career that has seen him found, run and support businesses across a variety of sectors.
"He is held in very high regard throughout the public markets and we look forward to benefitting from his insight and rigour both as a Non-executive director and as chairman of the audit committee.
"John will strengthen the board and be a great asset. With a well-balanced and high-quality set of executive and non-executive directors we are in a strong position as we set about achieving our ambition to be the global fashion leader."
Kelso Group is chaired by former DLA partner Sir Nigel Knowles while other investors include Luke Johnson, Nigel Wray and Umar Kamani.
It floated on the London Stock Exchange in January and bought a 0.4% stake in online retail and software group THG for £2.7m in that same month.
At the end of March, Kelso Group set out what it wants THG's board to deliver "to ensure the share price reflects what we strongly believe to be intrinsic value".
In a statement issued to the London Stock Exchange, Kelso outlined four recommendations to THG's board as well as announcing it had increased its stake to 7.4 million shares.
Earlier this month, the group further increased its stake in THG and called on it to consider separating out its Myprotein nutrition business.
Kelso Group has now also confirmed it has successfully raised £3m through a share placing.
The move saw Mr Goold, Mark Kirkland, Jamie Brooke all increase their stakes in the group while Sir Nigel Knowles and David Charters have invested for the first time.
Kelso said it will use the proceeds to "continue to execute its mandate to engage and unlock trapped value in the UK stock market".
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