Business
Myer chair Garry Hounsell quits department store hours before AGM vote on his role – ABC News
The Australian department store’s chairman says it is “apparent” he does not have the support of Myer’s two largest shareholders, including retail mogul Solomon…
The chair of embattled department store Myer has quit, just hours before an annual general meeting where major shareholders including retail veteran Solomon Lew would have voted against his re-election.
Key points:
- Garry Hounsell has announced his resignation hours before Myer’s board was set to vote on his tenure
- The retailer’s two biggest shareholders have been critical of Myer’s performance
- Myer has been facing threats from e-commerce and most recently COVID-19
Garry Hounsell has been facing intense…
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