JD Sports Boardroom Fight: Chair Quits After Failed Move Against CEO
JD Sports chair Andy Higginson resigned after failing to oust CEO Regis Schultz and secure full board support, the Financial Times reported. Shares fell in London following his departure. JD said there was no board split and majority shareholder Pentland continues to back Schultz. Higginson will step down after the July 21 AGM; Kath Smith is leading the search for a new chair.