January 18, 2018 / 2:03 AM / a month ago

Australia's Myer replaces CFO in management restructuring

Jan 18 (Reuters) - Australian department store operator Myer Holdings Ltd said on Thursday it appointed Nigel Chadwick as chief financial officer as part of a broader management restructuring in the face of stiff challenge from online retailers.

Chadwick will replace current CFO Grant Devonport, Myer said in a statement and highlighted Chadwick’s work in sectors facing disruption.

The retailer also named Mark Cripsey as chief operating officer, a newly created a role to integrate its online and store businesses. (Reporting by Susan Mathew in Bengaluru; Editing by Amrutha Gayathri)

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