Ian Moir takes fireman role in Oz
CEO admits mistakes and heads off to rescue David Jones
Ian Moir, the CEO of Woolworths who embarked on the David Jones deal more than four years ago, will head down under for the next couple of months in the hope of resuscitating the troubled brand. Moir is placing his bets on the refurbishment of its luxurious David Jones flagship store in Elizabeth Street, Sydney. The company has invested A$200m (R1.995bn) while other stakeholders have spent another A$200m in the transformation of the five-storey department store. "As a chief executive, you focus on the areas where you have the greatest issues," Moir told Business Times this week. "With David Jones I'm going to have to spend more time in Australia and that just happens naturally. Over the next couple of months my focus will be David Jones." While Moir is in Australia, Woolworths SA CEO Zyda Rylands will lead the operations to fix some of the troubles in SA where the country faces low economic growth and constrained consumer spending. 20.7% the percentage by which David Jones plans to ...
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