Paul Zahra Resigns as CEO & Managing Director of David Jones

LinkedIn Post: This morning I announced my resignation as CEO and Managing Director of David Jones Limited, effective immediately.

The strong financial performance of the business, along with the recent change in ownership, has created a natural exit point for me in my role as CEO. To assist with the Company’s transition under new ownership and management, I have agreed to stay on as an advisor to the Board and Management for the next three months.

The past four years have been a time of great challenge and reward. During this period, we have transformed David Jones from a traditional bricks and mortar retailer to a contemporary Omni Channel Retailer, where our Company’s average online order is now three times the value of our average in-store transaction value. We have fundamentally addressed the structural changes faced by the retail sector; strengthened our core business; enhanced our store network and gained market-leading momentum.

It has been a privilege to be the steward of such an iconic Australian brand. I am pleased to have successfully navigated the company through the worst retail trading conditions in 25 years. I am confident the business is well set up for success as the new team roll out their long-term vision for the brand.

It has been an absolute honour to work with the extraordinary team of people – from the store’s front-line to my executive team and the exceptional designers and suppliers that have made David Jones what it is today. I would like to thank them sincerely for their support during my 16 years with the company, particularly my past four years as CEO. I would also like to make special mention of the David Jones Board and thank them for their support.

I wish my successor Iain Nairn and the new owners great success. They have chosen to invest in Australia’s strongest premium retail business, and they inherit an iconic 176-year-old Australian brand with a powerful customer base and a great success story.

I have no immediate plans other than a holiday. As I signalled previously, I look forward to taking a sabbatical before making a decision about any future role. I look forward to staying in touch in the coming months.