THG PLC has appointed a new CFO from Deloitte.
Damian Sanders takes over as finance chief at the Manchester eCommerce firm from John Gallemore, who has been appointed COO.
Sanders has been a member of the THG board for the past two years, having joined as an independent non-executive director then serving as audit committee chair and chair of the divisional reorganisation committee upon its inception on 1st July 2021.
A senior audit partner at Deloitte for 20 years and a member of Deloitte’s North West leadership team, Sanders has held several other senior management roles. He also has extensive experience of working with PLC boards, having acted as an audit partner and advisor to a significant number of FTSE boards for well over 20 years, and, more recently, as an independent NED.
The completion of the separation of THG’s key trading divisions was announced on 26th July 2022. Gallemore has been covering both the finance and operations functions until now.
Dean Moore will take on the audit committee chair and senior independent director roles on an interim basis.
“On behalf of the board I’d like to thank John for his hard work and dedication as CFO of THG,” said independent chair Lord Allen of Kensington CBE.
“Having effectively been undertaking two jobs to date, we are delighted that he will now be able to devote a singular focus to driving the operations of the group where his experience is invaluable.
“We welcome Damian to the business in an executive capacity. I have got to know Damian well since my appointment as chair, and his financial skill, commercial acumen and governance expertise means that he will hit the ground running.
“Damian has significant experience as a former senior audit partner and that, coupled with his wide industry and listed company experience, in addition to his in-depth knowledge of THG’s businesses and its people, will prove hugely beneficial to us as we continue to grow and build further on our corporate governance standards.”
Sanders added: “I’m delighted to be taking on the role of CFO at THG. I’ve got to know the business well in the two years since I joined the Board and now look forward to working in an executive capacity to help drive the Group forward as we continue to grow on a global scale.”