Department store retailer David Jones Limited
(ASX:DJS) has appointed Gordon Cairns as its new chairman.
The announcement comes one month after outgoing chairman Peter Mason and two non-executive directors involved in DJ's share purchases last year stepped down.
Mr Cairns has more than 10 years experience as a public company director with companies including Westpac Banking Corporation
(ASX:WBC) and Origin Energy Limited
(ASX:ORG).
The appointment has also been made just weeks after rival retailer Myer Holdings Limited
(ASX:MYR) affirmed its hopes for a merger with David Jones.
DJ’s said last month it is considering the latest approach and plans to respond in due course, after rejecting Myer’s first merger proposal in October 2013.
David Jones reported a net profit of $95.2 million in the 2013 financial year.
