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Muir checks out of the Warehouse

Friday 30th May 2003

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Greg Muir has resigned as chief executive of the Warehouse.

His resignation came as a result of ongoing discussions in which the board and the ceo had differing philosophies regarding the direction of the company, chairman Keith Smith says.

"I would like to acknowledge Muir's contribution to the company over the past four years,' Smith says.

"During Muir's four years with The Warehouse Group the company grew from an $800 million business to a $2 billion business".

Muir said that while he had greatly enjoyed his time at the company, he had decided to resign and will finish on July 31, 2003. He expressed his confidence in the excellent management team which he has built during his four years with The Warehouse Group.

Muir said his parting with The Warehouse was amicable and that he will continue to run the business until he leaves to ensure there is a smooth transition of all operational matters.

Smith said that Warehouse founder Stephen Tindall has agreed to assume the role of acting ceo while the company undertook a
search for a replacement for Muir.

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