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David Jones Limited (ASX:DJS) has been urged by shareholders to consider overseas candidates to replace CEO Paul Zahra, who announced his plans to depart from the retailer earlier this week.
Shareholders have reportedly requested the company’s board look for a star candidate for the top job rather than choose from internal staff.
They argue a retail executive with experience overseas would be more experienced in competing with online giants such as Amazon.
Fund managers told media the hunt should be for a born merchant rather than a bureaucratic-style leader.
David Jones generated a net profit of $95.2 million in fiscal 2013.
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