The company confirmed EBITDA to be in the range of $2.8 million to $3.4 million for the current financial year.
This is the latest resignation for the financially troubled company, which is in the midst of a four-year recovery plan. The board said it was reviewing options to fill the vacated position.
Prince was appointed a director in July 2014, and since then the board and the executive have gone through a reshuffle.
Former Warehouse Group financial officer Luke Bunt became the company’s new managing director in October 2014, replacing Di Humphries.
The group reported a loss of $6.7m for the half-year to January 31, 2015, compared with a profit of $749,000 for the same time the year before.
Sales were $102.8m compared to $121.9m last year, largely due to the loss of key international wholesale accounts and a drop in sales through online.