Myer Chair Exits, Blaming Big Shareholders

Myer Chair Exits, Blaming Big Shareholders
A Myer store on Bourke Street Mall on May 27, 2020 in Melbourne, Australia. Robert Cianflone/Getty Images
AAP
By AAP
Updated:

Myer’s struggle through the pandemic has continued after chair Garry Hounsell retired from the role and blamed the company’s two largest shareholders for a lack of support.

Hounsell, who has overseen the department store’s struggle to keep pace with online shopping, chose not to seek re-election as chair or director at the company’s annual general meeting on Oct. 29.

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