Tuesday, August 12, 2014

Paul Zahra quits David Jones as South African owners take control

Paul Zahra has resigned as chief executive of David Jones a month after shareholders backed a takeover of the department store chain by the South African retailer Woolworths.

Mr Zahra will be replaced by Ian Nairn, the current chief executive of the Woolworths-owned Country Road.

Woolworths chief executive Ian Moir says apart from Mr Zahra's eventual departure and the appointment of a new chief operating officer, no other significant management changes are expected at this stage.

I spoke with Ian Moir this morning for "The World Today" on the ABC.

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