Brett Blundy has poached a key executive from rival retailing billionaire Solomon Lew to replace the chief executive of his fast fashion jewellery chain Lovisa.
John Cheston, the boss of Smiggle, owned by Mr Lew’s Premier Investments, will replace Victor Herrero. Mr Herrero is the second-highest paid chief executive on the ASX and will leave the company at the end of May next year.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
