Ted Baker appoints former Sports Direct CFO as non-executive director

Ted Baker signs new non-executive director. Less than a month after Ted Baker issued a profit warning and announced the departure of its chief executive officer, Ted Baker strengthens its financial leadership with the signing of Jon Kempster, former chief financial officer of Sports Direct, as new non-executive director.

Kempster will assume the role of chair of the audit and risk committee at Ted Baker and join the remuneration committee. The appointment comes after Ted Baker reported that it anticipated earnings before taxes of between 5 million pounds and 10 million pounds (between 8 million and 14 million dollars), in addition to having suspended the payment of dividends to its shareholders.

Kempster was chief financial officer and audit committee chair of Sports Direct from September 2017 to July 2019

Kempster’s career includes positions on the board of Delta, Fii Group, Sports Direct International, Wincanton, among others. Kempster has been chief financial officer and audit committee chair at Redcentric since January 2017 and is a trustee of the Delta pension scheme.

The company has rearranged its team so far this year, after the departure of chief executive officer Lindsay Page at the beginning of the month, and the chairman David Alan Bernstein. The company hired the consultant Korn Ferry to find his replacement.

The company, which is listed on the London Stock Exchange, ended its fiscal year 2018 with a revenue of 617.4 million pounds (756.3 million dollars), up 4.4% year-on-year, but sank 26.1% its benefit.