Home > Industry > New High Profile Boss For Big W, Sale Tipped

New High Profile Boss For Big W, Sale Tipped

Big W, who have been expanding their consumer electronics and small appliance ranges is tipped to appoint Colette Garnsey who is currently a Premier Investments executive director as their next CEO.

What is not known is whether Garnsey will continue to grow the CE category which grown during the past 12 months with several products selling out during the recent Christmas New Year period despite the reported $27.2m loss for the six months to December 2016.

Garnsey who was previously group general manager at Pacific Brands replaces former boss, Sally Macdonald, who resigned from the job less than one year after her appointment.

She has at least 30 years’ experience in retail.

Ms Garnsey was also in a senior management role at David Jones for about 20 years, most recently holding the position of group general manager.

Sources at Premier Investments told the Australian that they were unaware of her possible departure.

Big W has been at the centre of a restructure plan after failing to lift its sales and earnings since 2013. There is even speculation that Big W owners, Woolworths is looking to sell the business and that Premier Investments could be a potential buyer.

Market analysts said the appointment of Ms Garnsey would be very good for Big W and that expertise would be used to dramatically improve the operation ahead of an auction.

Goldman Sachs had previously worked with Big W, while Citi is close to Woolworths.

The division is currently being run by David Walker, who is acting chief executive.

You may also like
JB Hi-Fi Shares Down 6% As Consumer Market Falls
Aussie Retail Union Calls For Wage Rise
Big W Launches QR Code Payments
Is Peloton A Netflix Drama Waiting To Be Shot, After $1B Q2 Loss
Wesfarmers, Woolies CEOs Back Wage Increases