Michael Hill CEO steps down

08/08/2016 09:30:00

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Michael Hill International Limited (ASX:MHJ) says CEO Mike Parsell will step down after 16 years leading the company.

Mr Parsell has grown the company from 3 stores in New Zealand to a stable of over 300 stores across North America, Canada and Australasia.

Current CFO Phil Taylor has been appointed acting CEO as an international search for a replacement gets underway.

Michael Hill recently reported revenue growth of 8.9 per cent and provided full year guidance of $46-$48 million.