Sky News
Peter Cowgill, arguably the most successful British retailer of the last two decades, sensationally stepped down this evening as executive chairman of JD Sports amid speculation he had been ousted. Announcing the move, JD Sports said that, as a consequence of an ongoing review of its internal governance and controls, it had decided to accelerate the separation of the roles of chair and chief executive. JD announced in July last year that it would split the roles of chairman and chief executive over the following 12 months following criticism of its corporate governance by shareholders.