In interim position.

Godfreys has welcomed back former CEO, John Hardy as interim CEO, following the resignation of Jason Gowie. Hardy was at the helm from 1983 to 2010 and again from mid-2016 to December 2017.

Godfreys has also appointed former COO of the Munro Footwear Group David Lee as CFO after Andrew Ford announced his resignation.

Godfreys chairman, Nick Stretch said Hardy would provide stability to the organisation as it completed the transition to ownership by Arcade Finance. “John’s track record shows he has the capability to turn the business around and restore historical performance, pending the appointment of a permanent CEO,” he said.

Arcade Finance owner, John Johnston commented, “This is the right team to be running Godfreys at this time. John has a deep understanding of the business and has a clear vision of what needs to take place to restore its value. David and John have worked together at Munro Footwear Group and have a proven track record in turning around large retail businesses.”