LONDON (Reuters) - Britain's biggest sportswear retailer, JD Sports Fashion, said on Wednesday it has reached an agreement with former longstanding executive chairman Peter Cowgill who was ousted from the business in May.
JD said that for the period to May 25 Cowgill has been paid his salary, benefits and will be eligible for any annual bonus on a pro rata basis. It will also honour Cowgill's notice period of 12 months.
The retailer has also struck a three-year consultancy agreement with Cowgill that will pay him 2 million pounds ($2.3 million).
($1 = 0.8803 pounds)
(Reporting by James Davey, Editing by Paul Sandle)
Peter Alan Cowgill is a British businessperson who founded Cowgill Holloway LLP and who has been at the helm of 9 different companies. Mr. Cowgill occupies the position of Independent Non-Executive Chairman at QUIZ Plc, Non-Executive Chairman of United Carpets Group Plc, Non-Executive Chairman of United Carpets (Franchisor) Ltd. (a subsidiary of United Carpets Group Plc), Executive Chairman at JD Sports Fashion Plc, Chairman of Sportiberica - Sociedade de Artigos de Desporto SA, Chairman for Spodis SA, Chairman of Iberian Sports Retail Group SL and President at Genesis Holdings, Inc. (Indiana). Mr. Cowgill is also on the board of 27 other companies. In the past he was Non-Executive Chairman of MBL Group Plc and Senior Partner at Cowgill Holloway LLP.
View full profile| Linked companies | |
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Sportiberica - Sociedade de Artigos de Desporto SA
 Sportiberica - Sociedade de Artigos de Desporto SA Wholesale DistributorsDistribution Services Sportibérica Sociedade de Artigos de Desporto SA owns and operates a chain of sportswear and equipment stores. The company is headquartered in Agualva-Cacém, Portugal. | Chairman |
Sprinter Megacentros del Deporte SL
 Sprinter Megacentros del Deporte SL Wholesale DistributorsDistribution Services Part of Pentland Group Holdings Ltd., Sprinter Megacentros del Deporte SL distributes sportswear, shoes, and athletic goods. The private company is based in Alicante, Spain. The Spanish company was founded in 1999. Sprinter Megacentros del Deporte was acquired by Iberian Sports Retail Group SL on June 20, 2011. | Chairman |
