Sir Jon Thompson is set to take on a pivotal role at Frasers Group.
- Previously CEO of HMRC, he joined Frasers as a non-executive director.
- Expected to become chairman, succeeding David Daly in 2025.
- Has experience leading major organisations, including the Financial Reporting Council.
- Fostered a strong working relationship with key Frasers Group figures.
Sir Jon Thompson is poised to step into a significant role within the Frasers Group, highlighting his continued prominence in corporate leadership. Appointed as a non-executive director in June, Thompson is anticipated to assume the role of chairman by 2025. His extensive experience in leadership roles across various sectors positions him as a key figure for the company’s future.
Thompson’s tenure as CEO of Her Majesty’s Revenue and Customs (HMRC) from 2016 to 2019 demonstrates his capability in steering large organisations. Beyond his role at HMRC, he has also served as CEO of the Financial Reporting Council from 2019 to 2023. During his time there, he was instrumental in overseeing regulatory practices and reforms, showcasing his adeptness in managing complex bureaucratic processes.
Expected to succeed David Daly, Thompson’s appointment has yet to be finalised, as reported by Sky News. His previous role as the chair of high-speed railway HS2 since 2023 further cements his reputation as a leader adept at managing substantial infrastructure projects. His leadership style and strategic vision have evidently been recognised by Mike Ashley, the founder of Frasers Group, and its CEO, Michael Murray.
Thompson’s history includes a tenure as the permanent secretary of the Ministry of Defence from 2012 to 2016. There, he directed major projects and drove significant change programmes, indicating his proficiency in navigating government operations. His financial acumen is evidenced by his former roles in finance, including director general of finance at the Ministry of Defence and finance director of Ofsted.
A trustworthy and reliable addition to the Frasers Group, Thompson has cultivated a constructive working relationship with both Mike Ashley and Michael Murray. This rapport forms a vital foundation for his expected future role as chairman, bolstering the Group’s strategic direction and leadership framework.
Sir Jon Thompson’s anticipated appointment as chairman reflects a strategic choice aligning with Frasers Group’s long-term vision.
