JB Hi-Fi brings forward CEO exit

Retailer expects FY14 sales to lift by about 5.3% on previous year.

JB Hi-Fi (JBH) has brought forward the departure date of outgoing chief executive Terry Smart, who will now step down on June 30.

In April, the retailer announced Mr Smart's departure and named chief financial officer Richard Murray as his successor. At the time, JB Hi-Fi said Mr Smart would depart in August.

JB Hi-Fi chairman Greg Richards said the early exit was the result of a "smooth and successful transition period".

The retailer also said it expects full-year sales in fiscal 2014 to increase by about 5.3% on the previous year.

It then reiterated its NPAT earnings guidance for the full-year in the range of $126 million to $129 million, an increase of 8.3% to 10.8% on the prior year.

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