BREAKING: Premier Investments Exec Director Steps Down

Power Retail By Power Retail | 18 Jan 2021

The CEO of Premier Retail and the Executive Director of Premier Investments, Mark McInnes, has decided to depart after ten years in the role.

Premier Investments as made the announcement of the resignation of the Executive Director of Premier Investments Limited and the CEO of Premier Retail, Mark McInnes.

McInnes has been in the role for ten years and will start his 12-month notice period.

“On behalf of the Board, I want to express our sincere appreciation to Mark. Premier has delivered year on year record operational and financial performance under Mark’s leadership,” shared Solomon Lew, the Chairman of Premier.

“We have thrived in very challenging times while many of our competitors have struggled or failed. In discussions with Mark, he indicated his desire to commit more time to his family than the demands of his role allow. After a decade in the CEO role, I understand and fully support Mark’s decision to leave for personal reasons.”

McInnes will now be restrained from engaging in specified retail-related activities for a further two year period, following his resignation.

McInnes is currently on leave, and will commence his final months in the role at the beginning of February,

“At this time, it is business as usual. The Board has commenced a process to ensure an orderly transition, including a comprehensive search. Mark is currently on well-deserved annual leave and will be returning on 1 February 2021. I, and the Senior Executive Group, look forward to continuing to work with Mark during his notice period and working towards delivering a very strong full year result for 2021,” Lew shared.

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