A new appointment and internal promotion.

As part of its ongoing board renewal program, Myer has appointed Garry Hounsell as a non-executive director and deputy chairman. It is intended that he will be nominated as chairman upon the retirement of Paul McClintock AO from the board.

Hounsell was most recently chairman and non-executive director of Spotless Group and has served on the boards of Qantas, Mitchell Communication Group and other leading enterprises. He is currently a non-executive director of Treasury Wine Estates, Helloworld, Dulux Group and Commonwealth Superannuation Corporation.

Myer has also appointed JoAnne Stephenson to chair of the audit, finance and risk committee to succeed Anne Brennan who previously announced her intention to retire form the board at this year’s annual general meeting. Stephenson has been a member of the board and committee since 2016.

Myer chair of the audit, finance and risk committee, JoAnne Stephenson

Myer chairman, Paul McClintock said, “This announcement is the next step in a renewal program that is an ongoing element of the Board’s work. Garry’s deep experience and exposure to a broad range of retail-focused and consumer-facing businesses makes him an excellent addition to the Myer board and in the future as chairman.

“We are now two years into our transformation under the New Myer strategy and these announcements will ensure strong continuity of the Board’s capabilities in what are clearly challenging times for our sector.”

Newly appointed Myer non-executive director and deputy chairman, Gary Hounsell

Commenting on his appointment, Hounsell said, “I am very honoured to have been nominated as deputy chairman of Myer when the company has a strong vision for the future. 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.

“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 deliver shareholder value.

“In the weeks and months ahead I will be firmly focused on developing my knowledge of the Myer business. I am looking forward to meeting with the broader Myer team and the company’s shareholders to understand their perspectives on the business.”