David Jones stretched for a perfect CEO fit

David Jones and rival Myer are both searching for new leaders, rattling already nervous retail investors.

The operational risk of David Jones just went up a few notches as Paul Zahra plans to step aside as chief executive officer once a suitable replacement is found.

While an outside replacement could bring fresh ideas, Australia doesn’t look flush for candidates. Note that Myer is also looking for a CEO as Bernie Brookes plans to hang up his tie next year.

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