Myer has announced incoming chairman Garry Hounsell will officially join the board following the company's annual general meeting on November 24.
The company also announced it will be holding a strategy day on November 1.
The executive team will release further details on the day regarding its new merchandise optimisation, omnichannel, digital, data, property and experiential retail strategies.
Hounsell said he was looking forward to the role and gaining a better understanding of the company's progress, as well as seeing what new strategies can be implemented.
“We are all united in our focus to deliver the New Myer strategy. Myer is a much-loved brand and we are all working very hard to ensure Myer remains relevant for its customers and delivers for its shareholders."
“I believe in the New Myer strategy which is helping the business to compete in a challenging retail environment. While I am impatient for a return to profit growth I also understand that transformations take time and discipline."
The announcement follows the request by Premier Investments, owned by Solomon Lew, to provide the register of Myer's shareholders.
Lew revealed plans to contact investors ahead of the AGM late last month after the retail tycoon accused the department store giant of misleading its investors.
Hounsell will replace exiting chairman Paul McClintock, who announced his plans to retire earlier this year.