Myer Holdings Limited (ASX: MYR)- Myer cuts 30 senior management and executive roles

  • Aug 31, 2018 AEST
  • Team Kalkine
Myer Holdings Limited (ASX: MYR)- Myer cuts 30 senior management and executive roles

Australian departmental store removed 30 positions from company’s executive and senior management team in a bid to reduce cost and strengthen earnings with strong consumer base.

The cut comes under the leadership of new CEO John King who took up the reins in June this year. He already indicated the intention to revamp the management structure to lift Myer’s game.

General Manager of marketing and customer, Ms. Louise Pearson was one of the many departing senior executives. The exit of highly regarded Ms. Pearson who has served Myer for 22 years was subsequently followed by the departure of several other senior roles. 

As reported a layer of executive and management roles has been peeled off to get more close to their customers. In a statement, its been heard that recent cuts reflect Myer’s ongoing effort to place the customers first before coming up on any decision for the business.

Myer Holdings Limited’ s (ASX: MYR) stock has been trading at $0.445 on 31 August 2018 while the company has seen daily price change of -3.261%. There has been negative change of 37.41% in company’s performance over the last one year.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK