THG shuffles board and appoints new CFO

THG, the owner of Lookfantastic and Cult Beauty, has shuffled its senior leadership team and appointed ex-Deloitte executive Damian Sanders as its new Chief Financial Officer.

Sanders takes over as CFO from John Gallemore, who has been appointed Chief Operating Officer. His appointment follows an extensive search both internationally and domestically, according to the business.

His appointment will enable Gallemore, who has been covering both the finance and operations functions until now, to focus solely on the role of COO and "build on the excellent progress he has overseen in THG’s global fulfilment footprint".

THG says that Sanders "has an in-depth understanding of THG’s businesses, people and culture", having been a member of the board for the past two years. He joined the Board as an Independent Non-Executive Director in November 2020, later becoming the Audit Committee Chair and Chair of the Divisional Reorganisation Committee upon its inception in July 2021.

Prior to joining THG, Damian was a Senior Audit Partner at Deloitte for 20 years and a member of Deloitte’s North West Leadership Team, having also held several other senior management roles.

He also has extensive experience of working with PLC boards, having acted as an Audit Partner and advisor to a significant number of FTSE boards for well over 20 years, and, more recently, as an Independent Non-Executive Director.

Damian Sanders, Chief Financial Officer, commented: “I’m delighted to be taking on the role of CFO at THG. I’ve got to know the business well in the two years since I joined the Board and now look forward to working in an executive capacity to help drive the Group forward as we continue to grow on a global scale.”

Matthew Moulding, Chief Executive Officer, added: “Damian has played a key role since joining the Group and Board, chairing to great effect numerous important projects over the past two years, not least the recently delivered divisional reorganisation. Damian’s experience and energy will prove invaluable as we look to deliver the key initiatives planned across the Group for 2023 and beyond.

“I’m also delighted to appoint John as COO, which follows a smooth and expansive roll-out of the Group’s global distribution network, alongside his excellent work in leading Ingenuity through its formative years. John’s knowledge of the business is second-to-none, and the appointment of Damian will allow John to work closely with me on further evolving the commercial and operating models of each of our divisions.”

John Gallemore, Chief Operating Officer, concluded: “I am pleased to be handing over the Group’s incredibly talented finance team to Damian, allowing me to work more closely with Matt and the Divisional CEOs in capitalising on the significant commercial opportunities ahead.”