The CEO of Frasers Group, Michael Murray, was named to Hugo Boss’ Supervisory Board after the company’s Annual General Meeting on 15th May 2025.
Murray, the youngest member of the recently formed board at the age of 35, offers the German fashion behemoth a retail viewpoint driven by digital technology. Three new representatives of shareholders were elected to the Supervisory Board, including him.
Stephen Sturm, who has decades of leadership experience and presently chairs the Board of the Heinz Hermann Thiele Family Foundation, was chosen Chair of the Supervisory Board with Murray. Sturm brings a plethora of corporate leadership experience with him. He has held senior managerial positions at Lufthansa, Fresenius Medical Care, and Knorr-Bremse. He spent 18 years with Fresenius Group, first as CFO and then as CEO.
Alongside Murray and Sturm, Andreas Kurali was named Chairman of the Audit Committee, assuming important duties related to financial monitoring. The terms of the three Supervisory Board members will each be five years.
Christina Rosenberg, Luca Marzotto, and Iris Epple-Righi were all re-elected to the Board.
This is a critical moment for the expanding business as it seeks to show resilience in the face of global macroeconomic uncertainty. It released first-quarter numbers last month that were better than anticipated. The apparel brand reiterated its full-year 2025 outlook despite minor declines in sales.
The company reported currency-adjusted revenues of €999 million (£859 million) during the first quarter of 2025, a 2% decrease from €1.014 billion (£872 million) in Q1 2024, despite ending 2024 on an all-time high.
Hugo Boss stated that it anticipates sales to stay roughly around €4.2 billion to €4.4 billion (£3.61–£3.79 billion), which is in line with 2024 levels.
