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Phil Taylor appointed CEO for Michael Hill

  • Who's Where
  • March 6, 2017
  • Courtney Devereux
Phil Taylor appointed CEO for Michael Hill

Phil Taylor has been given the top spot of CEO for Michael Hill International after 30 years within the company.

Taylor, who has worked in the company since 1987 and had been chief financial advisor since 2003, was given the job by Hill himself, effective immediately.

Taylor said he looked forward to leading the group. As CEO, he will be paid an AU$694,400 base salary and AU$325,500 in shares each year for three years.

In 2016, the company outlined a succession plan for the interests of the founding family, with 10 percent of the company to be transferred to trusts for daughter Emma Hill and son Mark from the family trust.

The companies latest 'We're for Love' campaign had international recognition and ran for two years. 

Emma Hill, chairperson for her father’s company, said the board had been committed to finding a new CEO and settled after an extensive international search.

"Phil has a deep understanding of our business and is well respected throughout the group,” said Hill.

“The board has been particularly impressed by the fresh perspectives and decisive action that have been evident since Phil was appointed as acting CEO and we are excited by the potential we see for Phil to unlock new opportunities and new streams of value for the group."

The jewellery retailer opened eight new Michael Hill branded stores in the period, taking the total to 305, and eight new Emma & Roe branded stores, taking the total to 24. It plans to open another 10 Michael Hill stores and six Emma & Roe stores in the second half of the year.

The company posted a 3.4 percent increase in profit to Aus$25.8 million in the six months ended Dec. 31, 2016.

Michael Hill shares were recently down 0.7 percent to $1.39 on the NZX, and are up 45 percent in the past year.

Phil Taylor for Michael Hill

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North City shopping centre is under new management

  • Property
  • July 18, 2018
  • Sarah Dunn
North City shopping centre is under new management

Porirua shopping centre North City has been purchased by Australian property business Angaet Group from Kiwi Property, and Colliers International has been appointed manager of the centre.

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Kathmandu appoints vice president of sales and marketing for North America

  • Who's Where
  • July 17, 2018
  • Sarah Dunn
Kathmandu appoints vice president of sales and marketing for North America

Kiwi outdoor gear retailer Kathmandu has appointed Bill Chandler to the newly-created position of vice president of sales and marketing, Kathmandu North America.

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Several designers announced for New Zealand Fashion Week

  • News
  • July 17, 2018
Several designers announced for New Zealand Fashion Week

Alongside the announcement of Turet Knuefermann opening for New Zealand Fashion Week, the week-long fashion exhibition includes several other big names of New Zealand designers, including first launches and classic returns.

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How businesses are celebrating Matariki

  • News
  • July 17, 2018
  • StopPress Team
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Stolen Spirits co-founder Jamie Duff launches a new fitness nutrition brand

  • News
  • July 17, 2018
  • Caitlin Salter
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Wellington raincoat-maker Okewa creates a sustainable new line

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  • July 16, 2018
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