DJs board to face shake-up

Chairman mulls replacing two directors at centre of controversial trades: report.

The storm surrounding the share trading activities of two David Jones (DJS) directors could yet have ramifications, with the retailer’s chairman mulling an option to replace the two board members, according to The Australian Financial Review.

Last October David Jones directors Leigh Clapham and Steve Vamos bought shares in the retailer just days prior to the release of better-than-expected sales numbers, stirring frustration among investors. That frustration turned to anger upon the release of news that the trades came just one day after a merger approach from rival Myer Holdings.

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