Sports Direct Chief Executive Dave Forsey has resigned. Company’s founder Mike Ashley said he feels like he’s lost his right arm following a surprise resignation by Mr. Forsey. Sports Direct is a British retail company established in 1982. The company is the United Kingdom’s leading sports-goods retailer and operates approximately 670 stores across the globe.
According to BBC News, the board will be replacing Mr. Forsey with majority shareholder Mr. Ashley. The company was recently under fire for its working practices after it appeared that staff was paid less than the minimum wage. In its recent shareholder meeting, there were calls for the removal of Keith Hellawell, Sports Direct Chairman.
Commenting on his resignation, Mr. Forsey said he had given his entire working life to Sports Direct and in return, the company has given him incredible experiences and opportunities. The issued statement does not specify why Mr. Forsey resigned. Mr. Forsey has been with the company for 32 years after starting work as a Saturday boy when he was 18-years-old.
Chairperson Mr. Hellawell thanked Mr. Forsey for his significant contribution over the past 32 years. The company also announced the promotions of Karen Byers and Sean Nevitt. Ms. Byers has been promoted to Global Head of Operations while Mr. has been promoted to Global Head of Commercial.
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