Long-running executive Jonathan Waecker has been named the new chief executive officer of Michael Hill International Limited, commencing August 27 next week.
Waecker has held executive appointments at several global digital and retail companies. He is the former director of franchise management and global brand strategy at The Walt Disney Company and was VP of marketing communications at Yahoo.
In more recent years, he held three different c-suite roles at The Warehouse Group in New Zealand, including CMO, CCO and chief customer and sales officer.
Waecker’s most recent role is a senior advisor at Zitcha, a company specialising in retail media.
“Following a rigorous global search process, the board is delighted to appoint Jonathan to lead Michael Hill as we embark on our next chapter of transformation and growth,” chair Rob Fyfe said.
“Jonathan’s global perspective, commercial acumen, digital experience and customer-centric leadership approach align strongly with the Company’s strategic priorities and market challenges.
“We are confident in his ability to guide the Michael Hill business forward, building on our brand heritage and Sir Michael Hill’s fabulous legacy.”
Waecker will relocate from Auckland to Brisbane to commence as CEO later this month.
The new appointee said he is honoured to join Michael Hill at a “pivotal” moment and to help shape the company’s next chapter.
“With strong brand equity, a passionate team, and a loyal customer base across Australia, New Zealand, and Canada, I believe Michael Hill has all the ingredients to thrive,” Waecker said.
“I look forward to working with the board, the executive team, our people across the business and our loyal customers to unlock the next phase of growth and relevance across our brand portfolio.”
With his new appointment, Andrew Lowe will conclude his tenure as interim CEO and has announced his resignation from Michael Hill. Andrew will resume his role as chief financial and supply chain officer during his six months’ notice period to ensure a smooth transition in support of Waecker and the business.
Fyfe and the Michael Hill board expressed their gratitude to Lowe for his contribution over the last eight years and his stewardship of Michael Hill as interim CEO following the untimely loss of Daniel Bracken earlier this year.
“His contribution has been invaluable in maintaining momentum and focus as we completed our global search,” Fyfe said.
Waecker will be paid fixed remuneration of $830,000 per annum, inclusive of superannuation. The board has also established short-term and long-term incentives.