THG hires new finance chief as co-founder moves roles…

THG hires new finance chief as co-founder moves roles after almost 20 years

Software and online retail giant THG has appointed a new chief financial officer.

Damian Sanders has taken on the role with immediate effect as co-founder John Gallemore moves to become chief operating officer.

Mr Gallemore co-founded the Manchester-headquartered group with Matthew Moulding in 2004 and has been CFO since then. He also held the position of COO from March 2008 to March 2011.

Mr Sanders has been part of the THG board for the last two years, having joined as a non-executive director on November 17, 2020.

Prior to joining, he was a senior audit partner at Deloitte for 20 years.

Mr Sanders said: "I'm delighted to be taking on the role of CFO at THG. I've got to know the business well in the two years since I joined the board and now look forward to working in an executive capacity to help drive the group forward as we continue to grow on a global scale."

Mr Gallemore added: ""Since Matt and I set up THG 18 years ago, we've enjoyed an incredible journey and have grown the Group into a truly global player, delivering record revenues of c. £2.25bn in 2022.

"I am pleased to be handing over the group's incredibly talented finance team to Damian, allowing me to work more closely with Matt and the divisional CEOs in capitalising on the significant commercial opportunities ahead."

Mr 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 roll-out 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."

Chairman Lord Charles Allen added: "On behalf of the board I'd like to thank John for his hard work and dedication as CFO of THG.

"Having effectively been undertaking two jobs to date, we are delighted that he will now be able to devote a singular focus to driving the operations of the group where his experience is invaluable.

"We welcome Damian to the business in an executive capacity. I have got to know Damian well since my appointment as chair, and his financial skill, commercial acumen and governance expertise means that he will hit the ground running.

"Damian has significant experience as a former senior audit partner and that, coupled with his wide industry and listed company experience, in addition to his in-depth knowledge of THG's businesses and its people, will prove hugely beneficial to us as we continue to grow and build further on our corporate governance standards."

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