• Myer CEO Steps Down From Struggling Australian Department Store

    8 monthes ago - By WWD

    SYDNEY-Myer Holdings Limited chief executive officer and managing director Richard Umbers has stepped down after three years, effective immediately, Australia's largest department store chain announced Wednesday.
    Myer chairman Gary Hounsell has been appointed executive chairman with immediate effect as a search for a new chief executive and managing director commences.
    “We are impatient for a turnaround in the company's performance and the Board has determined that it is in the interests of all shareholders for there to be a fresh approach to drive our future direction” said Hounsell in a...
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