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Who’s where: movements at Michael Hill, Vend and Dick Smith

  • Who's Where
  • December 7, 2015
  • Elly Strang
Who’s where: movements at Michael Hill, Vend and Dick Smith
L-R: Michael Hill CEO Mike Parsell, Michael Hill and Emma Hill at the company's 300th store opening.

Vend: Vend has announced Sam Morgan, founder and long-time CEO of Trade Me, has joined its board of directors.

He sold the online auction site to Fairfax in 2006 for $750 million, but has continued to be at the forefront of the technology and software industry.

He has sat on Fairfax Media’s board and is an investor in Xero, also sitting on its board.

 Morgan was also one of Vend’s earliest shareholders, providing the initial capital that allowed Vend founder and COE Vaughan Rowsell to work on the company full time.

Rowsell and Morgan have had a long-time history working together on technology, as they worked at Trade Me together.

“This is a great result for Vend,” Rowsell says. “Sam has been part of Vend and involved since the beginning. With the massive global growth opportunity ahead of us, and partnerships with companies like Apple, PayPal and Xero, now is the right time to really leverage his skills and experience with a seat on the board.”

Morgan says he looks forward to helping Vend on their journey.

Michael Hill: Sir Michael Hill, the founder of the jewellery company of the same name, has stood down as chairman and taken on a new role as founder president of the company.

He will be replaced by his daughter Emma Hill as chairman.

Emma Hill has worked at the company for 30 years, starting as a part-time professional on the Whangarei shop floor at age 13.

 She established Michael Hill Canada in 2002, which has now hit 65 stores. Emma Hill said the company still has the ambition to grow to 1000 plus stores.

One shareholder questioned Emma Hill’s appointment and said the chairperson of publicly listed companies is required to be independent directors by some stock exchanges, including the ASX.

Michael Hill shed tears when defending his daughter’s appointment.

He said it’s important that the company stays a family business and doesn’t become a big business without romance or soul.

Independent director Rob Fyfe, former chief executive of Air New Zealand, said the board had decided there was enormous competitive value in having a family-led brand.

“This was strongly supported by the independent directors,” Fyfe said. “Effectively the independent directors on the board wanted continuity of that family founder profile which is a powerful asset compared to companies that do not have that.”

Chief executive Mike Parsell is also standing down from the board following a board review of company governance.

The board review found that the chief executive being on the board created a potential conflict of interest and ambiguity into roles of governance and management.

Dick Smith: An executive at Australian discount department store chain Big W has joined Dick Smith.

Former head of trade and family entertainment Algy Pereira has moved to the embattled electronic retailer as its director of retail operations.

Dick Smith issued a statement that said it was excited about the impact Pereira will have on the company.

“He is a great senior hire who brings fantastic experience and capabilities to the business,” it said.

Pereira was rumoured as a potential candidate for the CEO role, as current CEO Nick Abbound has come under fire for the troubled company’s decline in value.

Dick Smith has lost nearly $90 million of its market value and lost more than 80 percent of its value this year after its sales decline forced it to abandon its profit forecast.

A sales slump in October and November has meant the company has excess stock and will possibly need to write down $60 million. As a result, its share price halved.

It is predicted that Dick Smith will have a huge sale over the Christmas period to make up for its cuts, with one insider reporting it will have a 70 percent off everything campaign.

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Foodstuffs’ Baden Ngan Kee has passed away

  • Who's Where
  • July 16, 2019
  • The Register team
Foodstuffs’ Baden Ngan Kee has passed away

Foodstuffs has announced that its former executive Baden Ngan Kee has passed away after a battle with lung cancer.

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2 Cheap Cars fined $438,000 under the Fair Trading Act

  • News
  • July 14, 2019
  • The Register team
2 Cheap Cars fined $438,000 under the Fair Trading Act

Used car dealer 2 Cheap Cars has been fined $438,000 for its use of “warranty waiver” documents and marketing statements described as “deliberately misleading”.

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Retail's new best friend

  • In association with the IHA Global Innovation Awards (GIA)
  • July 13, 2019
  • Anne Kong
Retail's new best friend

As the heart and soul of retailing further evolves, stores and the essence of shopping will continue to morph in unimaginable ways. However, amidst the storm of change, there is one aspect of shopping that remains pure, constant and motivational – the aspirational moment. Anne Kong, member of the GIA expert jury, shares her thoughts.

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Social scoreboard

Zavy and The Register have worked together to create a scoreboard that compares how the top 25 traditional media advertising spenders in New Zealand have performed on social media over the past 30 days, updated in real time.

 
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Bendon looks to sell brands after financing falters

  • News
  • July 12, 2019
  • Radio New Zealand
Bendon looks to sell brands after financing falters

Bendon lingerie is looking to sell some of its brands as the future of the company becomes more uncertain.

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Smirnoff Pure helps Kiwis discover local artists with Spotify partnership

  • News
  • July 11, 2019
  • Caitlin Salter
Smirnoff Pure helps Kiwis discover local artists with Spotify partnership

The music we love is made up of many influences, including where we live. In its latest campaign, Smirnoff Pure and YoungShand tapped into the unique vibes of New Zealand and set out to help Kiwis discover the music that moves the cities and suburbs they call home.

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Outgoing Spark CEO Simon Moutter talks transformation, diversity and leaving a legacy beyond just metrics

  • News
  • July 11, 2019
  • Elly Strang
Outgoing Spark CEO Simon Moutter talks transformation, diversity and leaving a legacy beyond just metrics

Simon Moutter has just wrapped up a seven-year tenure at telecommunications company Spark. Under his rein, the changes the company has gone through are nothing short of radical, from its name (Telecom to Spark), to its operating model (traditional to agile), to its culture (publicly called out to inclusive) to its structure (one monopoly brand to many). Here, Moutter has a candid chat about his journey as CEO, the company's push to be a more diverse and inclusive workplace and how one of his biggest lessons learned was he couldn’t solve a cultural issue with processes and strategy.

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