Mar 07, 2017 10:00 AM EST
Jewelry retailer, Michael Hill International Limited, has appointed Phil Taylor as the new CEO on March 6.
The retailer commits itself to finding a world class CEO to lead the group in the future and has picked Taylor following an extensive international search process.
Taylor has been with Michael Hill since 1987 and was appointed chief financial officer in 2003. Over his time with Michael Hill, he worked closely with the CEO and has managed the growth of the company from 10 stores in New Zealand to 328 stores across two brands and four countries. Annual revenues of Michael Hill have grown from $8 million to $551 million.
Emma Hill, chair of Michael Hill International Limited, has nothing but praise for Taylor's assumption to the new yet challenging office.
"Phil has a deep understanding of our business and is well respected throughout the group. The board has been particularly impressed by the fresh perspectives and decisive action that have been evident since Phil was appointed as acting CEO," she said in a press release statement on Sunday.
The board and the employees in Michael Hill are excited by Taylor's appointment as he sees to unlock new opportunities and new streams of value for the company.
Taylor, on the other hand, is delightful of the role that has been offered to him and expressed his thanks to the board of Michael Hill for its faith and trust in his abilities. He recalls having worked with the company for nearly 30 years and looks forward to leading Michael Hill.
Taylor acted as an interim CEO after Mike Parsell stepped down from the role in August of last year. The decision came as a good time of change in leadership as Michael Hill International Limited was performing well and already had a stable and experienced leadership team. Parsell has led Michael Hill for 16 years and stayed until the jewelry retailer branched out to 300 outlets across the globe.
Retailers can manipulate consumer regret to beat competitors
The French luxury group gains full control of the 70-year-old Parisian fashion house Christian Dior in a mammoth deal worth around €12.1 billion.
UK luxury fashion retailer Burberry posts lackluster set of results for its second half following an impressive result in the third quarter, a retail analyst stated.
What seemed like a perfect hacking operation turned out to be a failure as Kaspersky has spotted a mistake on the part of the Lazarus hackers. It found a brief connection that came from North Korea - proving their identity and origin.
A lawsuit has been filed by a Democratic political consultant and Fox News contributor on Monday alleging, among others, that Roger Ailes denied her of a permanent hosting job after she turned down his sexual advances.
South African leader, Jacob Zuma, has sacked finance minister Pravin Gordhan in a move that drove the country's currency down five percent in value. The president calls for a midnight reshuffle in his Treasury members who he felt were disloyal to his political intentions.
The US president has long promoted a change on how foreign businesses should run their operations - and that is to revive American manufacturing. Uniqlo head showed he didn't like being given an ultimatum by Trump.
Cemex, one of the world's largest cement producers, has not participated in the first round of bids that is currently underway but said it is open to providing quotes to supply the raw materials for Trump's promised border wall.
Arket, which means 'sheet of paper' in Swedish, will cater to a modern-day market with products for men, women, children and the home.