Myer Holdings (ASX:MYR) Chairman Retires, Ahead Of AGM

October 29, 2020 02:33 PM AEDT
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Myer Holdings Limited (ASX:MYR) on 29 October 2020, announced that Chairman Garry Hounsell, has made the decision to retire as a director and does not seek re-election.

As such, JoAnne Stephenson will be taking over the role of Acting Chairman until the Board finds a permanent replacement.

Hounsell shared that ahead of Myer AGM, it had become apparent that Myer’s two largest shareholders were not supporting his re-election and that he would not allow his ongoing tenure as Chairman to be a distraction to the hard work of the executive team.

Meanwhile, MYR stock traded at $0.235 with a market capitalisation at 197.10 million at 1:48 PM AEDT.

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