JD Sports agrees multi-million pound exit terms with former boss Peter Cowgill

Published by
City AM

By Emily Hawkins Former JD Sports’ boss Peter Cowgill is set to receive £5.5m after making his departure from the sportswear retailer. After decades at the helm of the London-listed firm, Cowgill stepped down following several brushes with the competition watchdog. Now, JD Sports has said it has agreed exit terms with Cowgill, including a £3.5m payment over two years for agreeing to certain limits and £2m over three years for a consultancy agreement. Cowgill has also been paid his salary, benefits and will be eligible for any annual bonus, up until 25 May. A “binding set of new and enhanced re…

Read More