Devonport will start in late July, having most recently held the position of CFO of Toll Holdings Limited, which he has held since 2011. Prior to this he held senior finance, commercial and executive roles with Toll in Australia and New Zealand as well as senior positions with Village Roadshow and the National Australia Bank Group.
“Grant is a highly experienced CFO. His appointment will bring exceptional strategic and commercial capability to the company while adding further depth and experience to the Myer leadership team,” said Myer CEO Richard Umbers.
“Grant joins Myer following a career of over 30 years including senior roles at listed entities in Australia, New Zealand and the United Kingdom.”
In the announcement published on the ASX today, Myer highlighted Devonport’s experience delivering business transformation programs as well as his financial credentials. Myer is currently undergoing a strategic review of its operations, which has already lead to store closures in Sydney and Melbourne.
“The Board and leadership team look forward to working with Grant and know that he will add valuable skills and perspective to the team as we lead Myer in a new strategic direction,” Umbers said.
“We will benefit from his contribution as we finalise our plan to build relevance with customers and deliver a more sustainable, profitable future for Myer.”
Commenting on his appointment Devonport said, “Myer is a dynamic Australian company and I am delighted to be joining at a time of significant change within the retail industry. I look forward to working with Richard and his team which has a strong mandate to deliver a significant transformation.”