Sharechat Logo

Postie Plus appoints No 1 Shoes executive Binns as new CEO

Monday 5th August 2013

Text too small?

Postie Plus Group, the beleaguered clothing retailer, has appointed No 1 Shoes executive Richard Binns as its new chief executive.

Binns will join the retailer on Sept. 16, replacing long-serving Ron Boskell who departed in January. He was previously general manager operations at Hellaby Holdings-owned No 1 Shoes, chief operating officer at Overland, and head of general merchandise at Warehouse Group.

The British ex-pat came to New Zealand in 2007 after holding several retail roles in the UK.

Shares in Postie Plus were unchanged at 15.5 cents, having plunged 35 percent this year.

The retailer has been dealing with problems at its outsourced distribution centre, burning through cash and breaching its banking covenants in the process.

Last year Postie Plus outsourced its distribution systems and processes to a purpose-built centre in Mangere as part of its shift to Auckland, where it saw greater opportunities.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Telecom will offer CEO and senior managers performance equity grants to boost profits
Pumpkin Patch today's best NX50 performer after return to profit in 2013
Former Fonterra executive Alison Andrew appointed to head Transpower
MRP director Miller, CFO Meek go trawling for cheap shares
Rob Fyfe to leave Trilogy board, seeks new senior role in NZ
Postie Plus expects loss in 2013 earnings as sales fall 10.5 percent
David Ross appears at District Court hearing, remanded until Aug.29
Crown drops charge against ex-SCF finance chief Graeme Brown
Pumpkin Patch CEO Neil Cowie resigns to take job with rival retailer
George Alexander Louis