Michael Hill International Limited
(ASX:MHJ) says CEO Mike Parsell will step down after 16 years leading the company.
Mr Parsell has grown the company from 3 stores in New Zealand to a stable of over 300 stores across North America, Canada and Australasia.
Current CFO Phil Taylor has been appointed acting CEO as an international search for a replacement gets underway.
Michael Hill recently reported revenue growth of 8.9 per cent and provided full year guidance of $46-$48 million.
