The Hut Group names Charles Allen non-executive chair

The Hut Group has named Charles Allen as its non-executive chair.

Allen was previously chief executive at ITV, before stepping down in 2006.

The e-commerce firm said Allen would “drive growth and long-term value creation” in his new role.

THG also said that the executive will work towards “developing the management team, as well as refining the group’s strategy”.

The appointment comes after a successful period for THG.

In January, the company reported revenues surged by 37.9 per cent to £2.2 billion year-on-year in 2021.

In comparison to 2019, sales were up by 95 per cent.

“It is a privilege to be joining THG as the board's chair with a clear mandate to improve governance and transparency, strengthen the board by improving its independence and diversity, review and develop the strategy and support management as it seeks to further strengthen its talented leadership team,” said Allen.

“The group has announced a number of strategic options for 2022 and beyond, I look forward to working with Matthew and the team to review these and I will update on progress over the next six months as the plans take shape.”

THG founder and chief executive Matthew Moulding, said: “I am delighted that we have been able to attract someone of Charles’s calibre and reputation. He has extensive boardroom experience across a range of sectors spanning 40 years. Charles has chaired large, successful, dynamic companies and has experience working with entrepreneurs. 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.”

He added: “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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