Premier Investments (ASX:PMV) share price higher on CEO appointment

The Premier Investments Limited (ASX: PMV) share price is on the move on Wednesday morning.

At the time of writing, the retail conglomerate’s shares are up 1% to $26.09.

Why is the Premier Investments share price on the move?

This morning Premier Investments announced the appointment of the new Chief Executive Officer (CEO) of its core Premier Retail business.

According to the release, the company has poached Richard Murray from rival retailer JB Hi-Fi Limited (ASX: JBH) on a $2 million a year salary.

Mr Murray is currently Group CEO of JB Hi-Fi and has over 25 years’ experience in retail and finance.

He joined JB Hi-Fi as Chief Financial Officer in 2003 and took the business through the IPO process. After which, he was…