February 13, 2018 / 10:49 PM / in 2 months

CORRECTED-Australia's Myer says CEO Richard Umbers to step down

(Corrects spelling of name in 2nd graf)

Feb 14 (Reuters) - Myer Holdings said on Wednesday that its Chief Executive Richard Umbers will resign, and that a search for his replacement will commence immediately.

The department store operator said Chairman Garry Hounsell had been appointed as executive chairman with immediate effect. (Reporting by Ambar Warrick in Bengaluru; Editing by Chris Reese)

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