THG, also known as The Hut Group, has taken steps to address concerns over the dual roles of its founder, Matthew Moulding, as CEO and Chairman by appointing Charles Allen as its new non-executive Chair. The decision to separate the roles came after criticism, and the company conducted an international search for a suitable candidate, ultimately selecting Allen for the position.

As the new Chair, Allen’s main responsibility will be to refresh THG’s board and enhance its governance and diversity. He will work closely with Moulding to develop the management team and refine the overall strategy of the group. Allen’s extensive leadership experience makes him the ideal fit for this role. Currently serving as the Chair of Balfour Beatty, an infrastructure group listed on the stock market, as well as privately-owned Global Media and Entertainment, Allen has a proven track record of success. He has held prestigious positions such as Chair of ISS AS, 2 Sisters Food Group, and Executive Chair of EMI Music. Allen also served as the CEO of ITV from 2004 to 2007 and has been the CEO of Granada Group. Additionally, he has provided expert advice to the British Home Office.

Moulding expressed his excitement about Allen’s appointment, emphasizing his extensive experience in the boardroom across different sectors spanning four decades. Moulding praised Allen’s successful chairmanship of large and dynamic companies, highlighting his expertise in consumer, retail, digital, and media domains. He believes that Allen’s appointment will contribute to THG’s profitable and sustainable growth and enable him to focus on executing the group’s growth plans effectively.

The appointment of Charles Allen as the non-executive Chair represents an important step for THG in addressing governance concerns and strengthening its leadership. With Allen’s impressive background and vast experience, he is well-equipped to support the company’s goals and drive its continued success. This decision also underscores THG’s commitment to upholding strong corporate governance standards and ensuring the satisfaction of all stakeholders.

Useful links:
1. THG Official Website
2. Balfour Beatty Official Website