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Michael Hill CEO Steps Down

Aug 10, 2016 3:58 AM   By Rapaport News
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RAPAPORT... Michael Hill International said its chief executive officer Mike Parsell has resigned after 16 years steering the Australia-based jewelry retailer.

Parsell (pictured) has seen the company expand from just three stores in New Zealand when he joined 34 years ago to a chain of more than 300 outlets across Australia, Canada, New Zealand and the U.S. Annual revenue grew from $160 million to $540 million during his tenure as CEO, the company said.

Phil Taylor, Michael Hill’s chief financial officer, will serve as acting CEO while the company searches for a permanent replacement.

“I feel now is a good time for a change in leadership as the business is performing well and has a stable and experienced leadership team,” Parsell said.
Tags: appointments, Australia, Michael Hill, Michael hill international, Mike Parsell, New Zealand, Phil Taylor, Rapaport News
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