Frasers CEO Michael Murray nominated for Hugo Boss board seat

Frasers Group CEO Michael Murray has been nominated for a role on Hugo Boss’ supervisory board as the German retailer unveiled a host of new members today (17 December).

Hugo Boss said Stephan Sturm will step in as chairman of the supervisory board, replacing Hermann Waldemer, who has held the position since 2020.

The fashion brand has also put forward Murray and Andreas Kurali, the former deputy CFO of US tobacco giant Philip Morris International, as candidates for board membership. Gaetano Marzotto and Robin J. Stalker will join Waldemer in stepping down from the board next year.

Shareholders are set to vote on the proposed appointments during the company’s annual meeting on 15 May, 2025.

Frasers Group, which initially snapped up a 5.1% stake in Hugo Boss in June 2020, now holds 7.99% of the brand’s total share capital through 5.6 million common stock shares. It also controls an additional 13.81% through put options as of July.