Business
Lew tells Myer board to resign or face dismissal after chairman’s shock departure – Sydney Morning Herald
Solomon Lew said Garry Hounsell’s departure was the ‘green shoot’ Myer shareholders had been waiting for and should signal to the remaining four board members that…
The move was a significant victory for Mr Lew, who has been campaigning against Mr Hounsell since his appointment in 2017. Mr Lew owns 11 per cent of Myer and has regularly blamed the chairman for the company’s underperformance.
Director JoAnne Stephenson has been named acting chairman and the company said it would undertake a global search for a new chair. However, Mr Lew deemed this a “waste of time and money”.
Myer’s chairman Garry Hounsell has announced his retirement from the company. Credit:Eddie…
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