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NXT

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NEUTRAL

NEXT Announces Board Changes

Why we think this is neutral

This RNS announcement is a general corporate update on board changes at NEXT plc. It does not contain any of the mandatory news types that would require a more detailed analysis, such as trading updates, financial results, or major transactions. As a result, the sentiment is assessed as neutral.

Key Points

  • Jane Shields, Group Sales, Marketing and HR Director, to retire in May 2026 after 40 years of service
  • Matt Barnes to be promoted to Group Sales and Marketing Director
  • Jonathan Bewes, Senior Independent Director and Audit Committee Chair, to retire in May 2026
  • Annette Court and Jeni Mundy to be appointed as independent non-executive directors
  • Annette Court to become Senior Independent Director, Soumen Das to be Audit Committee Chair

Summary

The retailer announces changes to its board, including the retirement of an executive director and the appointment of two new non-executive directors.

NEXT plc has announced several changes to its Board of Directors. Jane Shields, the Group Sales, Marketing and HR Director, is planning to retire in May 2026 after 40 years of service. Matt Barnes will be promoted to the role of Group Sales and Marketing Director to take on most of Jane's operational remit.

Additionally, Jonathan Bewes, the Senior Independent Director and Chairman of the Audit Committee, will retire from the Board following the AGM on 21 May 2026. Annette Court and Jeni Mundy will be appointed as independent non-executive directors, with Annette Court becoming the new Senior Independent Director from 21 May 2026. Soumen Das will be appointed as the new Audit Committee Chair from the same date.

Key Dates

21 May 2026
Jane Shields to retire, Jonathan Bewes to retire, Annette Court to become Senior Independent Director, Soumen Das to become Audit Committee Chair
May 2026
Jane Shields to retire
March 2026
Annette Court to be appointed as independent non-executive director
April 2026
Jeni Mundy to be appointed as independent non-executive director
GENERAL UPDATE