THG has appointed Sue Farr as its senior independent director, with immediate effect.
Farr has spent over 16 years in a variety of non-executive director roles following a career in advertising, marketing and media.
Her current non-executive directorships include senior independent director positions at British American Tobacco, Altricham-based car dealership Lookers, Helical and Accsys Technologies.
However, Farr reportedly plans to step down from her role at Accsys at the forthcoming AGM having served for nine years.
She has also recently held non-executive directorships at Dairy Crest and Millennium & Copthorne Hotels.
THG’s independent chair Charles Allen, Lord Allen of Kensington CBE, said: “I am delighted that we have been able to attract someone of the calibre of Sue Farr, who has had an impressive executive career across a number of consumer, media and marketing businesses, and has since gone on to demonstrate her skills as an experienced senior independent director and committee chair.
“This appointment is consistent with the board’s stated intention to continue to improve corporate governance and enhance its composition by improving independence and diversity.”
Farr added: “I am pleased to be joining THG at such an exciting time for the group as it continues to grow and scale globally. THG is a business I have long admired and I look forward to working with Charles and the rest of the board on this next stage in the group’s journey.”
Last week, the Manchester-based ecommerce and tech giant received a preliminary offer from private equity giant Apollo Global Management, resulting in its share price surging 43 per cent. The bid followed the rejection of a £2.07 billion bid from private equity firms Belerion Capital and King Street last year, in what the THG said “significantly undervalued the company and its future prospects.”
