Department store retailer operator Myer said on Thursday it had appointed Nigel Chadwick as chief financial officer as part of a broader management restructuring in the face of stiff challenge from online retailers.
Mr Chadwick will replace current CFO Grant Devonport, Myer said in a statement and highlighted Mr Chadwick’s work in sectors facing disruption.
The retailer also named Mark Cripsey as chief operating officer, a newly created a role to integrate its online and store businesses.
The restructure comes after the retailer reported a 5 per cent drop in sales in the first two weeks of December.
Myer is trying to shrink its footprint…
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