The Warehouse Group CEO Nick Grayston has stepped down effective immediately.
In a statement, The Warehouse Group chair Joan Withers said: “As we look to the future, we have agreed a change in direction is necessary for the company and that it needs fresh energy to execute.”
Grayston has been in the role since 2016. On his time at the company, Withers said Grayston led The Warehouse Group (TWG) “through a period of significant change in the retail industry”.
“I want to thank him for his commitment and contribution. His focus on sustainability, adopting Agile ways of working, navigating the challenges of Covid-19 and initiating the significant and successful programme of critical infrastructure upgrades have been hallmarks of transformation of The Warehouse Group in the last five years.”
John Journee will take up the role of interim CEO on May 20, 2024, while the company undertakes a search for a new CEO.
“The board has determined that, upon taking up his new role, John will cease to be an independent director but will continue as an executive director of TWG,” Withers added.
“John spent 15 years at TWG across a range of roles, including as CEO of Noel Leeming, and has been on the TWG Board since 2013. His experience and familiarity with TWG will be invaluable as we navigate this transition and begin our search for a new permanent CEO.”
Grayston said it has been a privilege to lead The Warehouse Group and work alongside a dedicated team.
“Leading The Warehouse Group has been one of the most rewarding experiences of my career. While it is the right time for me to step aside, I have every confidence in the talented team at The Warehouse Group to drive the business forward and I wish them the very best.”
