Warehouse appoints local Facebook chief Easton to board

Wednesday 3rd October 2018

Warehouse Group has appointed Facebook's local chief Will Easton to its board to tap his experience in driving digital transformations.

Easton will attend his first board meeting on Oct. 25 and shareholders will be asked to ratify his appointment at the annual meeting in November. He's currently Facebook's managing director for Australia and New Zealand, having previously been the social network giant's vice-president for Asia-Pacific emerging markets. Easton's previous roles were at Google, Microsoft and Coca-Cola.

"Will is a dynamic leader with a strong track record of driving transformational change across a range of emerging markets and technologies and we are very pleased he is able to support us at what is an important time of transformation at the Warehouse Group," chair Joan Withers said.

Warehouse introduced a new pricing strategy last year as it seeks to lift margins in an environment where consumers are more comfortable buying their goods online. At the same time, Amazon's foray into Australia has made it easier for the online giant to service New Zealand.

The retailer's shares last traded at $2.07 and have slipped 0.5 percent so far this year, lagging behind an 8.1 percent increase in the S&P/NZX All Index over the same period.

(BusinessDesk)

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