David Jones Ltd (ASX:DJS) says a transition period will be occurring in the coming months, following the announcement of three senior appointments to its management committee.
After the resignation of Colette Garnsey and Damian Eales, the upmarket retailer has promoted three employees.
Sacha Laing will now head fashion and beauty as group general manager, Brett Riddington has been appointed as general manager marketing and Matthew Durbin will step into the role of group general manager financial services.
CEO Paul Zahra, himself appointed in June this year, says each of the new appointments bring a wealth of retail experience, adding that the company's internal succession planning has enabled it to appoint internal candidates.
Last week DJ's released its annual report in which it said it finished the year with a record financial result, achieving sales growth in each quarter.
David Jones improved its net profit in fiscal 2010, earning $170.76 million in the year to 30 July 2010.
DJS Price at posting:
$4.75 Sentiment: None Disclosure: Held
