Australian flash sales site MySale has appointed The Hut Group’s non-executive director Iain McDonald as its new non-executive chairman, with immediate effect.
McDonald is currently a partner with the William Currie Group, which invests in technology and e-commerce investments founded by financier Bill Currie. He is also a non-executive director at The Hut Group and online retailer Atterley Road.
Commenting on the appointment, Carl Jackson MySale chief executive said: “MySale is focussed on profitable growth and we are pleased with the progress achieved over the last six months. We are delighted that Iain McDonald has joined as chairman bringing a wealth of online retail and significant UK capital markets experience.”
His appointment means that David Mortimer, who is based in Australia, will step down as chairman but will remain on the board as a non-executive director. MySale’s other Australia-based non-executive director, Adrian MacKenzie, will leave the board with immediate effect in order to dedicate “sufficient time to his other business interests”.
Jackson added: “The last 18 months have been exceptionally busy for the group and in some respects quite challenging, but we look to the future with renewed confidence. The momentum of restoring profitability continues into the current year and in the long term we shall benefit from the strong foundations we have laid.”