Two new appointments.
Myer has confirmed a restructure of its management team and a further consolidation of its support office as it continues to face challenging retail trading conditions.
Myer CEO and managing director, Richard Umbers said, “Recent trading conditions have been tough, in part as a result of reduced traffic to physical stores. In spite of this, we have continued to make good progress on our transformation agenda, improving range and service to our customers, building a high growth omni-channel business and improving productivity and efficiency. As a result of the changes announced, we are able to further consolidate our supporting operations.
“It is with sadness that we farewell a number of team members as a result of these changes, I would like to thank them for their contribution and years of commitment to Myer.”
As a result of the departures across the support office, a further floor will be exited bringing the total vacated area to 4.5 floors or over 40% of the space since September 2015.
Furthermore, Mark Cripsey has been promoted to the newly created role of chief operating officer (COO), reporting to Richard Umbers, effective immediately. “This role reflects the importance of digital and data across the whole business, and the need for us to seamlessly integrate our physical and online offers,” Umbers said.
Cripsey’s responsibilities will incorporate the Myer store network, the online business as well as the areas of marketing and Myer One including data analytics.
Nigel Chadwick has been appointed chief financial officer (CFO), effective 29 January, 2018. Grant Devonport will be stepping down as CFO following a transition period. Chadwick will be responsible for financial planning, accounting, treasury management, taxation, procurement, compliance and internal audit.
“Grant has made a substantial contribution during a period of significant change during the past two and a half years and, on behalf of the team, I thank him for all of his hard work. Nigel has spent the past 20 years in senior finance roles at Spotless, BHP and Telstra and will bring a wealth of experience to Myer including his time working in sectors facing disruption,” Umbers said.