Hugo Boss has appointed the CEO of Frasers, Michael Murray, as the chairman of the supervisory board, effective immediately.
This move comes as Frasers continues to gain more control of the German luxury fashion brand after acquiring more stakes within the company.
The supervisory board of Hugo Boss elected him as the new chairman as part of a regular meeting on 15 September 2026.
He succeeds Stephan Strum, who recently abruptly exited the role following a change in the overall shareholder structure, with Frasers taking on a more prevalent role.
Murray said: “Hugo Boss is exceptionally well positioned, with two strong brands, a unique global footprint, and significant untapped potential.
“Together with my colleagues on the supervisory board and the managing board, I look forward to building on the company’s strong foundation and supporting the execution of its strategic priorities.”
He brings decades of experience to the role, having held various leadership positions within auditing and accounting services as well as serving as an advisor to public and private companies.
Daniel Grieder, CEO of Hugo Boss said: “Michael Murray has consistently supported the strategic direction we have with, together with Frasers Group, shares our view regarding the significant untapped potential of Hugo Boss.
“As the managing board, we look forward to further pursuing our course with discipline, focus, and clear commitment. We will work closely with Michael Murray and the supervisory board to realize our strategic and financial ambitions and create sustainable value.”
Click here to sign up to Retail Gazette‘s free daily email newsletter
