Umbers exits as Lew maintains rage on Myer
Embattled retailer Myer has forced out underperforming CEO Richard Umbers but this has failed to placate its biggest shareholder, Solomon Lew, who has repeated his call for a complete boardroom cleanout. Mr Umbers’ departure – after three years at the helm of Myer – was announced on Wednesday by chairman Garry Hounsell, who indicated his displeasure with a continuing string of poor sales results and profit warnings.
Name: Richard Umbers
Continent: Oceania
Country: Australia
Company: Myer
Position: CEO
Reason: Fired
New Company: Kaufland
Announcement Date: February 13, 2018, 11:00pm
Resignation Date: February 13, 2018, 11:00pm
Source 1: https://www.sbs.com.au/news/umbers-exits-as-lew-maintains-rage-on-myer
Source 2: https://www.afr.com/business/retail/former-myer-ceo-richard-umbers-joins-kaufland-20190423-p51gg3