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Godfrey’s Shuffles Leadership, Cuts Guidance

Specialist vacuum retailer, Godfrey’s, has appointed Jason Gowie as its new Chief Executive Officer, whilst advising shareholders that its full-year earnings will be lower than projected.

Godfrey’s also announced that board member, Brendan Fleiter, will take over as company Chairman.

Mr Gowie will replace Managing Director, John Hardy, whilst Mr Fleiter will replace Rod Walker.

The retailer has reduced its 2017/2018 full year earnings forecast by $3.5 million – $4 million, attributed to a drop in like-for-like store sales in recent months, and a reduced conversion of company to franchise stores.

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