Myer Announces Intended Future Chairman

Power Retail By Power Retail | 20 Sep 2017

As part of its ongoing board renewal program, Myer has today announced that Garry Hounsell will join Myer as a non-executive director and deputy chairman, replacing Paul McClintock.

Myer says that it is intended that Hounsell will be nominated as chairman of the company upon the retirement of Paul McClintock AO from the board.

Myer says Hounsell has previous board experience including as a director and chairman across a broad range of ASX-listed consumer facing businesses, with experience delivering transformational change in the face of competitive disruption. Most recently chairman and non-executive director of Spotless Group, Hounsell has served on the boards of Qantas, Mitchell Communication Group and other large enterprises.

He is currently a non-executive director of Treasury Wine Estates, Helloworld, Dulux Group, and Commonwealth Superannuation Corporation.

“We are now two years into our transformation under the New Myer strategy,” said Myer chairman Paul McClintock which he opes will ensure strong continuity of the board’s capabilities in what are “clearly challenging times for our sector,” said Mr McClintock.

“I look forward to working actively with the Board and Richard Umbers’ management team to help guide the successful execution of the Company’s strategy,” said Hounsell in a company statement.

“I greatly respect the role Paul and the Board have played to date overseeing the New Myer implementation and look forward to making a contribution to Myer’s transformation and helping to deliver shareholder value. “In the weeks and months ahead I will be firmly focused on developing my knowledge of the Myer business.”

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