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PPGL CEO Announces Resignation

23 August 2012

PPGL CEO Announces Resignation

Postie Plus Group CEO, Ron Boskell, has announced his intention to stand down in January 2013 to make way for further renewal in the management team as the business focuses on extending the much loved Postie clothing brand and an acquisition strategy to promote growth.

Mr Boskell started out as a youngster stacking boxes in a family footwear store in Perth and has spent his entire career in footwear and apparel retailing, starting on the floor and working his way to senior management. He has been with Postie for 10 years, the past seven of them as Chief Executive, and says it is the right time to leave with the transformation of the retail chain into a modern, exciting retailer well advanced.

“It’s been a privilege leading PPGL, but the time is right for a change,” Mr Boskell said. “We’ve got a solid structural, operational and financial platform in place and with the successful sale of Babycity we can focus on building Postie as a family friendly fashion apparel, uniform and health and beauty brand.

Mr Boskell is currently overseeing the relocation of PPGL’s headquarters from Christchurch to Auckland to be closer to customers and growth markets, and completing a restructure of the Group’s executive leadership team. Several senior managerial appointments have already been made including Jane Gammon, a seasoned international fashion retailer, as GM Postie.

“We have a great team of highly skilled and experienced managers who share a love of retailing and they are poised to take the opportunity to shine,” he said.

PPGL Chairman, Richard Punter, said Mr Boskell, who will stay in his role through to January 2013, had “shaken up” Postie, locking in efficiencies and lowering the cost of doing business while setting up the platforms to support the growth strategy.

“Ron has been the driving force in positioning Postie as an iconic kiwi family brand. Being named as New Zealand’s favourite apparel store in the 2012 Roy Morgan retail poll is a tribute to his ability to know what customers want and motivate a team to deliver consistently outstanding service,” Mr Punter said. “Shareholders can be confident that despite the continuing difficult trading environment, Ron is leaving Postie is in good shape with talented people to take up the reins. We wish him every success in his next endeavour.”

ends

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