Former Qantas exec named new Myer boss as department store's profit falls

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Former Qantas exec named new Myer boss as department store's profit falls
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The department store said this morning that Wirth has been appointed as the company's executive chair.

Frequent Flyer boss Olivia Wirth as its incoming CEO on the same day it revealed its half-year profit had nosedived by almost 20 per cent.She has taken over as chairperson immediately, but won't begin as chief executive until June 4, following a handover period with outgoing CEO John King.Former Qantas Loyalty boss Olivia Wirth has been announced as Myer's new executive chair.

She quit the airline in October as it went through a massive shake-up of its management team that saw Joyce bring forward his departure and chair Richard Goyder announce his own resignation.New name at top of Australia's most trusted brands"Myer is loved by millions of Australians and is one of the nation's most enduring retailers thanks to the dedication and skill of our team members, and the loyalty of our customers," she said.

"I am focused on delivering improved outcomes for our valued customers, team members and all Myer shareholders."Myer's half-year profit has fallen almost 20 per cent.

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