Kathy Karabatsas Appointed Group CFO as Myer Reshapes Leadership for Growth

Myer Holdings Limited (ASX:MYR) has announced the appointment of Kathy Karabatsas as Group Chief Financial Officer, effective 14 March 2025. This strategic move comes as the company positions itself for continued growth, following its recent expansion through the merger with Apparel Brands. Karabatsas brings extensive experience from senior roles, including Chief Financial Officer at David Jones and Finance Director & Managing Director at Lion Dairy & Drinks.

In addition to this key appointment, Myer is reshaping its leadership structure to better align with its strategic priorities and bolster its Australian omnichannel retail platform. The company is creating centres of excellence in critical areas such as supply chain, eCommerce, customer loyalty, data analytics, sourcing, operations, and customer engagement.

The leadership changes also mark the departure of Matt Jackman, who has served as Myer’s CFO for eight years. Jackman is leaving to pursue new opportunities, and Myer has expressed appreciation for his significant contributions during his tenure.

Olivia Wirth, Myer’s Executive Chair, commented on the changes, saying;

“These leadership changes materially enhance our capability to drive the next phase of growth for the expanded Myer Group. The new appointments bring world-class expertise in multi-brands and department store environments and a track record of financial, retail and supply chain success to the Myer Group. The reshaped team is aligned to our strategic vision to create a leading Australian retail platform, building on the strength of our brands with the fresh thinking and expertise of experienced retail, sourcing and supply chain leaders.”

The leadership reshuffle is designed to support Myer’s broader growth ambitions, streamline decision-making, and strengthen its focus on customer satisfaction, operational excellence, and financial performance. These changes ensure the company is well-positioned to compete and innovate in an increasingly dynamic retail environment.