Michael Murray, CEO of Frasers Group, has been appointed to the Supervisory Board of Hugo Boss following the corporate’s Annual Basic Assembly on 15 Could 2025.
At simply 35, Murray is the youngest member of the newly constituted board and brings a digitally-driven retail perspective to the German style large. He was one in every of three new shareholder representatives elected to the Supervisory Board.
Alongside Murray, Stephen Sturm, who presently chairs the Board of the Heinz Hermann Thiele Household Basis and brings many years of management expertise, was elected Chair of the Supervisory Board. Sturm brings with him a wealth of expertise in company management. He spent 18 years at Fresenius Group, first as CFO and later as CEO, and has held senior supervisory roles at Lufthansa, Fresenius Medical Care, and Knorr-Bremse.
Along with Murray and Sturm, Andreas Kurali was appointed Chairman of the Audit Committee, taking on key monetary oversight obligations. All three Supervisory Board members will serve a normal five-year time period.
Iris Epple-Righi, Luca Marzotto and Christina Rosenberg have been re-elected to the Board.
Sturm mentioned: “I’m firmly satisfied that Hugo Boss is oriented in direction of a really profitable future. That is why I look ahead to making a decisive contribution to this success, along with the Administration Board and the Supervisory Board workforce.
“On behalf of the complete Supervisory Board, I wish to thank the outgoing members Gaetano Marzotto, Robin J. Stalker, and, after all, my predecessor Hermann Waldemer for his or her profitable work.”
This comes as a pivotal time for the rising firm because it appears to be like to show resilience amid world macroeconomic uncertainty. Thus far, so good. Final month, it reported better-than-expected first-quarter outcomes. Regardless of refined gross sales dips, the style label reaffirmed its full-year 2025 outlook.
Though it completed 2024 on an all-time excessive, for the primary quarter of 2025, the corporate posted currency-adjusted gross sales of €999 million (£859 million), a 2% decline from €1.014 billion (£872 million) in Q1 2024.
Wanting forward, Hugo Boss mentioned it expects gross sales to stay broadly in keeping with 2024 ranges, ranging between €4.2 billion and €4.4 billion (£3.61–£3.79 billion).
