THG appoints advertising exec Sue Farr to board amid takeover talks

THG has appointed Sue Farr as its senior independent director amid takeover talks with private equity firm Apollo Global Management.

Farr spent her career working in marketing and advertising. She served as director of marketing and communications at the BBC, as well as chair of The Marketing Society.

She serves a director at a few publicly traded companies, including British American Tobacco, Helical and Lookers.

Her previous roles include non-executive directorships at Dairy Crest plc and Millennium & Copthorne Hotels.

THG independent chair Charles Allen said: “I am delighted that we have been able to attract someone of the calibre of Sue Farr, who has had an impressive executive career across a number of consumer, media and marketing businesses, and has since gone on to demonstrate her skills as an experienced senior independent director and committee chair.

“Building on the progress made over the last 12 months, this appointment is consistent with the board’s stated intention to continue to improve corporate governance and enhance its composition by improving independence and diversity.”

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Farr added: “I am pleased to be joining THG at such an exciting time for the group as it continues to grow and scale globally.

“THG is a business I have long admired and I look forward to working with Charles and the rest of the board on this next stage in the group’s journey.”

THG shares soared 6.6% amid the announcement.

According to City sources, Apollo Global Management is in detailed talks about an offer for THG, with the final deadline to make a bid set for May 15.

Despite that, THG said it was planning to continue with its move to the premium segment of the main market of the London Stock Exchange, which will result in founder and CEO Matt Moulding retiring his special share in September.

This follows an eye-watering operating loss of £500m posted by the group last week, which caused speculation as to how much the firm is actually worth.



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