The jewellery retailer confirmed last week that 56-year-old Bracken had unexpectedly passed away due to medical complications. The company has since confirmed that Andrew Lowe has been appointed interim CEO, with the board beginning a global search for a new leader.
Lowe joined Michael Hill’s executive in 2017 as chief financial officer. He has previously worked as the chief financial and supply chain officer.
Board chair Rob Fyfe said the company was confident in Lowe's appointment to oversee this period of transition.
“Following [Bracken’s] passing, the board is confident in [Lowe’s] ability to steer the Michael Hill Group through this period of transition, drawing on his extensive strategic, financial and operational experience as well as his enthusiasm and passion for the Michael Hill business and our people,” Fyfe said in a statement.
“[Lowe] is well-supported by a very experienced and highly effective executive leadership team, who are well-equipped to deliver on our strategic priorities and execute the group’s business plan.”
The company has also appointed board director Claudia Batten as deputy chair. Batten, Fyfe, and Gary Smith (chair of the audit and risk management committee) will support Lowe during his time as interim CEO.
Michael Hill operates 294 stores across Australia, New Zealand, and Canada.
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