Sports Direct revealed the resignation of Chief Executive Dave Forsey and the board of directors’ decision to appoint founder Mike Ashley as his successor.
The key shareholder said Forsey’s decision made him feel like losing his right arm. But Ashley hopes to work with him again in some other time.
The firm is facing intense pressure over its management following it surfaced that workers at storehouse were receiving less than minimum salary.
Sports Direct did not specify why the CEO stepped down, who has served the retail firm for 32 years.
Recently, there were calls for the dismissal of Chairman Keith Hellawell.
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