Lew continues campaign to restructure Myer Board
The Financial Review commented on the Myer woes following the resignation of Myer’s CEO. AFR noted that Garry Hounsell, who assumed the role of Executive Chairman didn’t propose a new strategy for Myer, but promised to accelerate (‘turbocharge’) the existing one. Salomon Lew-backed Premier Investment wasn’t satisfied and it keeps pushing for Myer board to be restructured. On Friday, Premier gained access to Myer’s shareholders register and will be preparing a targeted campaign to gain shareholders support.