Former JB Hi-Fi group chief executive Richard Murray who transformed the company into a retailing powerhouse has a new mission. And it’s allied to his passion for DIY projects.
Metcash has announced that Mr Murray has been appointed to run Total Tools, a trade hardware chain operated through Metcash.
He had been running Premier Investments’ retail arm for billionaire Solomon Les.
Metcash helps fund major family-owned businesses in Australia. They include Mitre 10, Home Hardware, Foodland, IGA , Hardings and Total Tools.
Total Tools claims to be Australia’s largest independent professional tools retailer. ” A proudly Australian owned and operated franchise network, we continue to grow and expand our unique offering nation wide.”
Mr Murray was CFO at JB Hi-Fi from 2003 to 2014 before becoming CEO in July 2014. He was Group CEO from October 2016 to August 2021.
Metcash informed the ASX of the appointment this morning.
“Richard is a highly experienced and respected executive with a proven track record in the Australian retail sector,” says Metcash.
“Richard’s appointment follows the company’s earlier announcement that Paul Dumbrell had decided to step down as CEO of Total Tool Holdings after more than five years in the role.”
Metcash Group CEO Doug Jones says Mr Murray has a huge passion for the sector and Total Tools, both as a retailer and a serious tools and DIY enthusiast.
“Richard’s deep retail experience and proven track record ideally positions him to play an integral role in the continued success of Total Tools as the number one player in the Australian professional tools market.”
