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Michael Hill International (ASX: MHJ) has appointed Jonathan Waecker as CEO, leveraging his leadership experience across retail, brand, digital and transformation to steer the company which was rocked by the death of Daniel Bracken earlier this year.
The Brisbane-headquartered company, which last month also mourned the loss of company founder Sir Michael Hill, has chosen Waecker following an international search after the passing in March of Bracken – a much-admired leader who had led the company for eight years.
Michael Hill International says Waecker brings “deep commercial and consumer expertise” working with major brands such as The Walt Disney Company and Yahoo.
His most recent role was chief customer and sales officer at The Warehouse Group where he worked for seven years until his departure last year.
“Following a rigorous global search process, the board is delighted to appoint Jonathan to lead Michael Hill as we embark on our next chapter of transformation and growth,” says company chair Rob Fyfe.
“Jonathan’s global perspective, commercial acumen, digital experience and customer-centric leadership approach align strongly with the Company’s strategic priorities and market challenges.
“We are confident in his ability to guide the Michael Hill business forward building on our brand heritage and Sir Michael Hill’s fabulous legacy.”
Waecker is said to bring to the role experience in delivering transformational growth, building customer centric cultures and leading large complex organisations through change.
Michael Hill says his most recent work has been focused on helping retailers unlock new value through technology, data and media partnerships.
Waecker will replace Andrew Lowe who was appointed interim CEO following Bracken’s death.
However, in stepping aside, Lowe has also announced his resignation from Michael Hill International. Lowe will resume his role as chief financial and supply chain officer over his six-month notice period to ensure a smooth leadership transition.
“The board wishes to express its sincere thanks to Andrew for his contribution over the last eight years and for his stewardship of Michael Hill as interim CEO following the untimely loss of Daniel Bracken earlier this year,” says Fyfe.
“His contribution has been invaluable in maintaining momentum and focus as we completed our global search.”
Waecker plans to relocate from Auckland to Brisbane to assume the CEO position on 27 August.
“I’m honoured to be joining the business at such a pivotal time and excited about the opportunity to help shape its next chapter,” he says.
“With strong brand equity, a passionate team and a loyal customer base across Australia, New Zealand and Canada, I believe Michael Hill has all the ingredients to thrive.
“I look forward to working with the board, the executive team, our people across the business and our loyal customers to unlock the next phase of growth and relevance across our brand portfolio.”
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