Michael Hill International has appointed a new temporary CEO, promoting CFO Andrew Lowe to the job.
While the jewellery chain had no initial plans to replace chief Daniel Bracken, who was unwell, this has changed due to advice.
"Further to updated medical advice, CEO Daniel Bracken will now require a period of a few weeks away from the business to aid his recovery from recent surgery.
“Accordingly, the company has decided to appoint the current chief financial officer, Andrew Lowe as acting CEO for this period.”
Bracken started in the role at the end of November 2018, implementing a range of market leading initiatives to grow the brand.
Bracken also grew same store sales over the recent Christmas trading quarter.
The result followed a mix trading period for retailers, as the national bushfire crisis and early discounting hitting sales.
Same stores growth in AUD was up 4.0% in the quarter over the same period last year and up 1.57% in local currency.
Prior to his role at the retailer, he held senior executive positions at APG&Co and Burberry.