One of Myer's key non-executive directors has announced his plans to exit the company next month.
Tom Flood, who joined the board during the period of private equity in 2007, has been a director since 2009. Flood, who is a member of the audit, finance and risk team, has this week announced his plans for retirement.
Myer chairman, Howard McDonald, said Flood had made a significant contribution to the board over the past five years.
“Tom's considerable retail experience was an asset as he focused on improving the performance of stores during the vital period of turnaround of Myer,” McDonald said.
Flood will leave at the end of April and McDonald said the board is continually reviewing new members and an appointment would be announced soon.