The Hut Group names former ITV boss as new chair

THG said Allen had been brought in as non-executive chair with “a clear mandate to refresh” the retailer’s board and to further strengthen governance and diversity. 

Allen will also work with THG founder and chief executive Matthew Moulding “in developing the management team, as well as refining the group’s strategy.”

His appointment comes as Moulding looks to reassure investors following a rocky couple of months and concerns about the direction of the retailer. THG said that Allen’s appointment will allow for Moulding to focus on his role as chief executive. 

Allen is currently chair of listed FTSE 250 infrastructure firm Balfour Beaty. He was previously chair of ISS AS, 2 Sisters Food Group and was the executive chair of EMI Music.

He was chief executive of ITV from its formation in 2004 to 2007, having been chief executive of Granada Group and chief adviser to the Home Office. 

Moulding said: “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’ 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.”