Myer chairman Gary Hounsell has finally spoken out on the company's largest shareholder: Solomon Lew.
Hounsell has issued a letter to shareholders, urging them to support CEO John King and the Myer board at the upcoming AGM.
The move comes after repeated calls by Lew to oust the Myer board at the meeting on November 30.
Hounsell has listed 13 points for shareholders to consider in voting for the current board, including the appointment of five new directors, fee cuts and a customer-first strategy.
"I strongly believe that your interests as shareholders are very well served with John King at the helm, together with our experienced executive team, who are supported by a conflict-free Board," he said.
"That is why, as your Chairman, I must now address the grossly misleading and inflammatory letters that Premier Investments continues to send Myer’s shareholders.
"One can only assume they are trying to take control of Myer under the guise of seeking an 'independent board'.
"As we approach our important Christmas trading period, it is critical that we apply 100% of our focus and energy on our customers.
"It is for this reason that we are extremely disappointed by the actions of Premier Investments and their ongoing hostile campaign directed to shareholders via the media, which is designed to benefit them and them only."
Hounsell has gone on to list six points against Premier, including competing retail interests and no statements of intent.