Frasers Group Chief Executive Michael Murray has been nominated for a seat on Hugo Boss’ supervisory board.
The fashion brand has put forward Murray and Andreas Kurali, the former deputy CFO of US tobacco company Philip Morris International, as candidates for board membership.
Meanwhile, Stephan Sturm will take over as Chairman of the supervisory board, replacing Hermann Waldemer, who has held the position since 2020. Gaetano Marzotto and Robin J. Stalker will join Waldemer in stepping down from the board next year.
Shareholders are set to vote on the proposed appointments during the company’s annual meeting on 15 May 2025.
Frasers Group, which first purchased a 5.1% stake in Hugo Boss in 2020, now holds 7.99% of the German fashion brand’s total share capital through 5.6 million common stock shares. It also controls an additional 13.81% through put options as of July.
Murray said: “We have huge respect for Hugo Boss, its management team, and its strategy, as well as the enormous contribution from all employees as the company makes progress towards its goals.
“I look forward to bringing my retail and transformation expertise to the board and contributing to the future success of the business.”
