Earlier this month, Dick Smith shared a moving open letter to customers and suppliers across Australia and New Zealand. The letter described its time in business as “a rare privilege” and acknowledged the loss of trust that accompanied its recent fall from grace. In a recent interview with NZRetail magazine, The Warehouse Group’s former chief executive Mark Powell also spoke of the emotional side of the Dick Smith failure.
The Warehouse Group’s outgoing CEO is trading retail for tertiary education at the start of next year. Mark Powell is set to become Massey University’s first CEO-in-residence, liaising between the business community and the university.
Technology is rapidly changing the retail industry as a whole. Jessy Edwards speaks with established companies and nimble up-and-comers who see opportunities amidst the chaos, and looks into what the future might hold. Chief executive of The Warehouse Group, Mark Powell, shared how it felt to face the truth about his company.
Mark Powell has resigned from his position as CEO at The Warehouse Group. He says he won’t look for another executive role at a different company. Instead, Powell, who’s a Baptist pastor, wants to pursue his passions in the faith-based not-for-profit sector and as a company director.