Myer Names David Jones Former CFO as New Finance Chief Under Restructuring

Myer, an Australian retailer, has appointed Kathy Karabatsas, former CFO of David Jones, as its new CFO as part of a broader overhaul after merging with Premier Investments' PMV Apparel Brands. Karabatsas will oversee finance operations for the combined entity.

Myer, an Australian retailing giant, has recently appointed Kathy Karabatsas as its new Chief Financial Officer (CFO) [1]. This appointment comes after Myer's merger with Premier Investments' PMV Apparel Brands, creating a combined entity. Karabatsas, who previously held the same position at David Jones, will now oversee finance operations for the combined Myer group.

Karabatsas' departure from David Jones follows a successful tenure as CFO, during which she played a pivotal role in the department store's financial turnaround and transition to new ownership under Anchorage Capital Partners. Her expertise and experience were instrumental in stabilizing the business and delivering a solid balance sheet, setting the stage for future growth [1].

Before joining David Jones, Karabatsas gained extensive experience in the retail sector, holding senior positions in various companies. Her diverse background includes leading and delivering transformation projects across merchandise, supply chain, IT, legal, and compliance functions [1].

Replacing Karabatsas at David Jones is Clint May, who has been appointed as the new CFO [1]. May brings a wealth of retail experience to the role, having previously served as the Group CFO, board member, and non-executive board member of several subsidiary holdings at Spotlight Group Holdings. Over his career, May has developed a strong commercial expertise, which he leveraged when leading the acquisition and integration of the Harris Scarfe business for the Spotlight Group [1].

The appointment of Karabatsas to Myer is a strategic move, given her extensive experience in leading retail financial transformations. Her expertise will be invaluable as Myer continues to integrate its new acquisitions and position itself for future growth.

References:
[1] Appliance Retailer. (2023, July 28). David Jones appoints new Chief Financial Officer. Retrieved from https://www.applianceretailer.com.au/david-jones-appoints-new-chief-financial-officer/