The Warehouse Group appoints new chief executive

The Warehouse Group has appointed chief financial officer Mark Stirton as its new chief executive.

Stirton had been assisting interim group chief executive John Journee since former CEO Nick Grayston's departure in May last year following a difficult period for the company.

Stirton, who joined the group last year, will assume the role from August 1.

"After a comprehensive search, we are delighted that Mark has accepted the group CEO position," said Warehouse Group chair Dame Joan Withers.

"Mark’s understanding of TWG, his energy, drive to modernise, extensive retail experience and proven ability to deliver on the execution of strategy make him the ideal leader to accelerate the improvement programme that we have under way."

Stirton said he felt "privileged" to lead one of New Zealand's most well-known businesses.

"The Warehouse is a much-loved brand and plays an important role in Kiwis’ lives. We need to build on our progress made to date to deliver further value for our customers, team members and our shareholders."

Earlier this month, the group reported that total sales for the third quarter rose 2.2% to $710.5 million when compared with the same period last year.

Group gross profit was down 2% on the previous period to $223.3 million.

The Warehouse Group currently operates three primary brands: The Warehouse, Warehouse Stationery and Noel Leeming.