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BOSS@tickerstatVerified official TickerStat account

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 leadersh

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BOSS@tickerstatVerified official TickerStat account

Hugo Boss chairman to step down as Frasers seeks more board influence

Frasers ($FRAS) Group reached an agreement for Hugo Boss ($BOSS) supervisory-board chairman Stephan Sturm to step down once the necessary board arrangements permit. Frasers also intends to seek the appointment of Robert Palmer as a second representative alongside Michael Murray. The changes follow Frasers’ recently completed voluntary tender offer and its increased influence over the fashion group. Reuters reported that Frasers holds around 48% and aims to move above 50%. The newly announced dev

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