THG names Charles Allen as non-executive chair

THG has appointed Charles Allen as a non-executive chair, to work alongside chief executive Matthew Moulding in order to drive growth and long-term value creation.

The appointment follows an international search initiated in October 2021 when THG committed to splitting the dual roles of executive chair and chief executive.

Allen has significant boardroom experience, previously serving as ITV’s first chief executive officer and in his current role at infrastructure group Balfour Beatty.

“Charles has a clear mandate to refresh THG’s Board and further strengthen governance and diversity,” a statement from THG read.

Allen will also be working with Moulding in developing the management team, as well as refining the Group’s strategy.

READ MORE: Ex-British Airways and Bupa boss steps down from the board of THG

“This is a fast-paced, extremely exciting business which has grown rapidly and has many opportunities for significant future growth,” Allen said.

“Over several weeks I have had the opportunity to meet the Board and senior team, see the operation and understand the finances and business plans.”

“Matthew is now able to focus full-time on the business which, combined with a very strong management team and passionate committed colleagues throughout the business, ensures THG is well placed to deliver for all its stakeholders.”

Moulding added: “I am delighted that we have been able to attract someone of Charles’s calibre and reputation.”

“Charles’s consumer, retail, digital and media expertise, knowledge and skills will help THG to continue to drive profitable and sustainable growth, deliver for all our stakeholders and to meet the highest standards of corporate governance.”

“Furthermore, on a personal note, his appointment will enable me to focus my attention on delivering the Group’s plans for growth.”

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