Myer's finances are about to take a new direction.
The department store has appointed a new chief financial officer as it undertakes a strategic review.
Grant Devonport will bring 30 years of experience to the position, spanning senior roles at listed entities in Australia, New Zealand and the United Kingdom.
Devonport most recently served as CFO of Toll Holdings Limited, a position he has held since 2011.
Prior to this, he held senior finance, commercial and executive roles with Toll in Australia and New Zealand as well as senior positions with Village Roadshow and the National Australia Bank Group.
Reporting to the Myer CEO, Devonport will be responsible for all areas of financial planning, accounting, treasury management, compliance, internal audit and procurement.
"Myer is a dynamic Australian company and I am delighted to be joining at a time of significant change within the retail industry," Devonport said.
"I look forward to working with Richard and his team which has a strong mandate to deliver a significant transformation."
Devonport is expected to commence at Myer in late July.
Acting CFO Tom Coleman will work closely with Grant upon his commencement.