Tuesday 19th February 2019
|Text too small?|
Clothing retailer Hallenstein Glasson Holdings is seeking a group chief executive for the second time in two years.
Mark Goddard, who joined the firm in April 2017, resigned yesterday in order to spend more time with his family. He previously ran Toys R Us in Japan, and before that held roles in Spotlight and Kmart in Australia.
The company said it would start seeking a replacement but didn’t give a timetable for Goddard’s departure.
Chair Warren Bell said the board accepted the resignation with “sincere regret” given the passion and commitment Goddard has for retailing and had shown for the business.
"Under Mark’s leadership, the group has made many notable strategic achievements which are reflected in the group’s current position and its performance during his tenure. He leaves an exceptionally talented team in place and the business in an excellent position for its continued growth.”
The company’s shares fell 1.6 percent to $4.30, taking their loss the past year to 6.5 percent.
At the end of August, the company had 112 outlets, including 30 Glasson womenswear stores in Australia and three Hallenstein menswear outlets there.
Last week, the company said first-half sales were up 3.1 percent on the prior year and it may deliver a 6 percent increase in net profit for the six months to Feb. 1. It had earlier expected tough trading conditions on both sides of the Tasman.
Goddard replaced Graeme Popplewell who retired at the end of 2016. Popplewell had been chief executive since 2011 and an executive director of the business since 1985 and remains on the board.
No comments yet
NZ dollar falls against Aussie after strong Oz jobs data
Helen Clark, Don McKinnon front NZ chapter of US think-tank
Fuji Xerox auditor keeps name suppression due to reserved appeal decision
ComCom to eye fuel profits by region, activity
TIL Logistics director Kern steps down and sells out
Turners drops Buy Right Cars moniker in single brand strategy
Mercury, Genesis signal weaker earnings on low lakes, gas shortage
Wrightson gets OIO approval to sell seeds unit, still mulling size of return
Fletcher unit blows whistle on attempted price-fixing in Christchurch
Tourism Holdings falls 24% on open after lowering guidance