×
92 240
Fashion Jobs
BANANA REPUBLIC
District Manager - Texas South
Permanent · Houston
BANANA REPUBLIC
District Manager - Texas South
Permanent · San Francisco
THE REALREAL
Loss Prevention Specialist
Permanent · Perth Amboy
NORDSTROM
Asset Protection - Agent - Scottsdale Fashion Square
Permanent · Scottsdale
NORDSTROM
Asset Protection - Coordinator - Dubuque Distribution Center
Permanent · Dubuque
NORDSTROM
Asset Protection - Agent - Upper Marlboro Distribution Center
Permanent · Upper Marlboro
LULULEMON
Regional Manager | Mid-South
Permanent · New Orleans
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Jefferson City
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Shreveport
GAP
District Manager - Ohio Valley
Permanent · San Francisco
GAP
District Manager - Ohio Valley
Permanent · Auburn Hills
GAP
District Manager - Ohio Valley
Permanent · Sunbury
GAP
General Manager - Silverthorne Outlets
Permanent · Silverthorne
JOCKEY
Financial Analyst - Marketing
Permanent · Kenosha
NIKE
Marketing Director, Women's, Nike.Com & Nike App (Asia Pacific Latin America, Consumer Direct Marketing)
Permanent · Beaverton
NIKE
North America Sports Marketing Director of College Basketball
Permanent · Beaverton
NIKE
Transformation & Organizational Strategy Manager
Permanent · Beaverton
NIKE
Manager, Service And Operations Portfolio
Permanent · Beaverton
NIKE
Director, Digital Merchandising & Planning Analytics, North America
Permanent · Beaverton
ROSS
Store Protection Specialist
Permanent · Reading
ROSS
Store Protection Specialist
Permanent · Raleigh
PRIMARK
p&c Area Manager- Mid-Atlantic/Southeast
Permanent · BOSTON
By
Reuters
Published
Oct 20, 2011
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Home Retail Group investors to challenge CEO

By
Reuters
Published
Oct 20, 2011

Oct 20 (Reuters) - Leading shareholders in the Home Retail Group have questioned the position of the company's chief executive Terry Duddy, the Times newspaper reported on Thursday.

Home Retail
Terry Duddy, CEO of Home Retail Group, owner of Argos

The newspaper cited several top ten investors as saying they would raise the issue of Duddy's position during meetings with the retailer's management in the coming days.

Big owners of the shares, which have almost halved in value since January, also said that they would consider a break-up of the group, according to the article.

"We definitely need a new strategy, and you can't get that with the same person. There are clear questions about the business model," said one unnamed top-ten investor who was quoted in the article.

"His strategy has been to keep on expanding and to keep on flinging money at the problem. There's nothing wrong with a company suffering bad times, but you have to cut your cloth accordingly," the investor added.

Another unnamed investor said Duddy had presided over an "extraordinary destruction of value in terms of the share price."

The calls follow a plummeting profit report this week that threatened to cut its shareholder dividend.

© Thomson Reuters 2022 All rights reserved.

Tags :
People