1043 GMT - JD Sports Fashion's announcement regarding Andrew Higginson's decision to step down as chairman is a surprise, Shore Capital analyst Clive Black says. The U.K. sports retailer said that Higginson will leave the company at the end of the annual general meeting on July 21. British businessman Darren Shapland will take the position on an interim basis. Higginson has a high-quality profile and has effectively refreshed the company's board, Black writes in a note. "As such, we are sorry from a JD shareholders' perspective to see him moving on," he adds. "That said, his interim stand-in is top-notch too, and we are sure that the Board will seek out an equally effective replacement." Shares are down 3.3%. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
April 22, 2026 06:43 ET (10:43 GMT)
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