EDCON announced on Monday that it was bidding farewell to some members of its executive management team and introducing new ones amid a restructuring of the retailer’s operations.The company said Urin Ferndale had been appointed CE of the Jet division. Ferndale replaces Andy Williams, who the company said would return to England for family reasons.Edcon said it had appointed Andy Jury as CE of the speciality stores division and he would replace Garth Napier, "who had indicated that he would move once the group advanced the change in its debt position, and who has decided to pursue other interests outside the group".Williams and Napier follow Toon Clerckx — formerly chief financial officer of the group who left late in June — as members of the executive management who had resigned.As part of efforts to improve its financial performance and maximise its liquidity position, Edcon is undertaking a comprehensive reform of its entire capital structure. The apparel group expects the stream...
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