Myer Holdings Limited has announced that John King has been appointed as the new chief executive officer and managing director following an extensive international search. Myer Holdings is an Australia-based department store company. The company’s department store network includes a footprint of approximately 60 stores in retail locations across Australia.

Myer executive chairman, Garry Hounsell said, “John brings over thirty years of highly relevant retail experience across department stores, specialty retailing, premium global brands, wholesale apparel, and discount retail.”

“During his career, John has gained significant experience across all aspects of merchandise as well as store operations, ecommerce, sourcing and supply chain. He will bring a new perspective to Myer and has been given a full mandate by the Board to deliver an improvement in financial performance. John understands fashion retailing and customers, particularly at department stores. He is an excellent candidate to lead Myer and I look forward to working with him to unlock the company’s significant potential and deliver shareholder value,” he added.

King said, “I’m excited to lead this iconic Australian company, which like all global retailers, is facing significant change in both the retail environment and consumer shopping habits. I’m looking forward to the challenges and opportunities of this role.”

For the last three years, King has been living and working in the United States where he has consulted to a variety of US-based retailers and has been actively involved in a number of start-ups. (GK)

Fibre2Fashion News Desk – India

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