THG faces push back from shareholders over ‘unjustified’ salary of new CFO

Exterior of The Hut Group distribution centre

THG will face a shareholder dispute over the “unjustified” salary of new chief financial officer Damian Sanders at its annual general meeting later this month.

The online retailer, which owns brands including Myprotein and Lookfantastic, found itself in trouble after shareholder advisory firm Glass Lewis recommended investors reject two proposals being voted on due to the pay rise of Sanders, The Telegraph reported.

Glass Lewis told the newspaper that shareholders were given “no compelling justification” over the pay rise at a time when losses had deepened and share prices had declined.

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