Hugo Boss names Frasers chief executive as supervisory-board chairman

Hugo Boss ($BOSS) named Frasers ($FRAS) Group chief executive Michael Murray as chairman of its supervisory board. The change strengthens Frasers’ influence as it plans to increase its holding above 50%, from approximately 48%. The planned ownership increase has not yet been completed.

Frasers finance chief Robert Palmer is also set to join the supervisory board, subject to court authorization. Murray’s role is board oversight, not chief executive of Hugo Boss. The update identifies new leadership following the previously announced departure of the former chairman.

Sources:

• Reuters — supervisory-board changes