- Best & Less Group’s (BST) Chief Executive Officer announces his resignation in a bid to prioritise his long-term health
- The company announced Rodney Orrock will depart the business following the end of his current period of medical leave on February 28
- Mr Orrock has been making “good progress” in his treatment and recovery from lymphoma, yet decided to step down to concentrate his health – a goal the BLG board says it “fully supports”
- The company is now looking for a new permanent CEO, with Jason Murray to remain as Executive Chair until a successor is named
- Best & Less Group is up 1.57 per cent and trading at $1.94 at 10:38 am AEDT
Best & Less Group’s (BST) Chief Executive Officer is stepping down from the role in a bid to prioritise his long-term health.
Best & Less Group is a value apparel specialty retailer with a sales network comprising 245 physical stores in Australia and New Zealand, plus an online platform.
The company announced Rodney Orrock will depart the business following the end of his current period of medical leave on February 28.
Mr Orrock has been making “good progress” in his treatment and recovery from lymphoma, yet told the board of his decision to step down to concentrate his health – a goal the Best and Less Group board said it “fully supports.”
The company has now launched an external search process for a new permanent CEO, with Jason Murray to remain as Executive Chair until a successor is named.
“Rod has been an integral part of our business, a respected leader and valued colleague for the past seven year,” Mr Murray said.
“He played an instrumental role in establishing the BLG business as we know it today and setting us up for long-term success.
“While we are sad to farewell Rod from the team, we fully support his decision to priorities his health.”
Mr Orrock will receive his accumulated leave entitlements, and his six-month notice period will be paid on out February 28.
Best & Less Group was up 1.57 per cent to trade at $1.94 at 10:38 am AEDT.