Long-serving Warehouse Group chief financial officer Luke Bunt has resigned, extending an overhaul of the retailer's executives.

The company will immediately begin looking for a replacement for Mr Bunt, who will officially leave at the end of April after 10 years in charge of the retailer's books.

He follows former chief executive Ian Morrice, who was replaced by Warehouse Stationery boss Mark Powell in May last year. At the same time as Mr Morrice's exit, director Keith Smith gave up the chair to former Woolworths NZ managing director Graham Evans.

The company said Mr Bunt had been instrumental in rationalising the group including its exit from Australia, growing the company's financial services business and in strengthening the group's financial position.

Last year's change at the top of the company came after a period of disappointing sales, and Warehouse has yet to quell that decline, cutting its full-year profit forecast earlier this month.


NZ Newswire

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