Godfreys Appoints Hardy As CEO For Third Time
Following the mass resignation of its board, Godfreys has appointed Mr John Hardy as its new interim CEO – notably for the third time. Hardy was previously the retailer’s Chief between 1983 and 2010, and from mid-2016 to the end of last year.
The news follows the resignation of current CEO, Jason Gowie, and successful takeover by 99-year old Co-Founder Mr John Johnston.
As previously reported, last week Johnston won control of the vacuum cleaner retailer, following a revised all-cash offer – from $13.1 million to $13.7 million.
The ailing retail group will be de-listed from the ASX and privatised.
Restructuring expert, Nicholas Stretch, has also been appointed company Chairman.
Mr Stretch affirms Hardy has the ability to “turn the business around and restore historical performance, pending the appointment of a permanent CEO.”
David Lee has been appointed CFO, following the departure of Andrew Ford.
99-year old Johnston has welcomed the new hires, asserting it’s the “right team to be running Godfreys at this time.”