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Michael Hill CEO Steps Down
Aug 10, 2016 3:58 AM
By Rapaport News
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RAPAPORT... Michael Hill International said its chief executive
officer Mike Parsell has resigned after 16 years steering the Australia-based
jewelry retailer.
Parsell (pictured) has seen the company expand from just three
stores in New Zealand when he joined 34 years ago to a chain of more than 300
outlets across Australia, Canada, New Zealand and the U.S. Annual revenue grew
from $160 million to $540 million during his tenure as CEO, the company said.
Phil Taylor, Michael Hill’s chief financial officer, will serve
as acting CEO while the company searches for a permanent replacement.
“I feel now is a good time for a change in leadership as
the business is performing well and has a stable and experienced leadership
team,” Parsell said.
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Tags:
appointments, Australia, Michael Hill, Michael hill international, Mike Parsell, New Zealand, Phil Taylor, Rapaport News
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