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Study Group Appoints Rajay Naik As Chief Commercial Officer

THE Open University’s former director Rajay Naik has been appointed as chief commercial officer at Study Group, a provider of international education.

He was one of five members of a landmark review of UK higher education chaired by Lord Browne.


Naik was also previously Keypath Education’s European CEO and helped lead the expansion of the company’s online degree programmes on behalf of the University of Exeter, Aston University and other higher education institutions.

“Universities are increasingly looking at new forms of academic delivery and they expect private sector partners to recognise this and satisfy demand,” Naik said.

The Study Group enables students from all over the world develop the necessary study and language skills. Last year, it was involved with 60,000 students from 150 countries.

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Frasers slams Debenhams over £222 million pay scheme

Highlights

  • Debenhams pushes ahead with executive pay scheme worth up to £222 m without shareholder approval.
  • CEO Dan Finley could earn up to £148 m if share price reaches £3 over next five years.
  • Frasers Group, holding 29.7 per cent stake, calls move "utterly disgraceful" amid long-running corporate tussle.
Struggling British online fashion retailer Debenhams has sparked outrage from its biggest investor after deciding to implement a new executive pay scheme worth up to £222 million without seeking shareholder approval.

Frasers Group, which holds a 29.7 percent stake in Debenhams, condemned the move through its chief financial officer Chris Wootton on Thursday. "Typical corporate governance from them, utterly disgraceful," Wootton said, criticising the retailer's decision to bypass investors.

Under the new incentive scheme, Debenhams CEO Dan Finley could earn up to £148 m and CFO Phil Ellis up to £14.8 m if the company's share price hits £3 over the next five years. Debenhams shares were trading at 22.25 pence on Thursday, down 3.3 percent.

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