A prominent businessman who has held top roles with the likes of ITV, EMI Music and a food giant has become the new chairman of THG.
Lord Charles Allen has succeeded co-founder and chief executive Matthew Moulding in the role after the beauty, wellness and software group previously committed to splitting the positions of chair and CEO.
Lord Allen has joined the Manchester-headquartered company as non-executive chairman with immediate effect.
In a statement issued to the London Stock Exchange, THG said: "Charles has a clear mandate to refresh THG's board and further strengthen governance and diversity. In addition to reviewing the independent board, Charles will be working with Matthew in developing the management team, as well as refining the group's strategy."
Lord Allen is currently chair of Balfour Beatty Global Media and Entertainment. His previous positions include chair of ISS AS, 2 Sisters Food Group and executive chair of EMI Music.
He was chief executive of ITV plc from its formation in 2004 until 2007, chief executive of Granada Group plc and chief advisor to the British Home Office.
Lord Allen said: "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.
"This is a fast-paced, extremely exciting business which has grown rapidly and has many opportunities for significant future growth.
"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.
"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.
"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."
Mr Moulding added: "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.
"Furthermore, on a personal note, his appointment will enable me to focus my attention on delivering the group's plans for growth."
