Wholesaler Metcash has named Richard Murray as CEO of Total Tools Holdings, effective at the end of January.
Murray will succeed Paul Dumbrell as CEO, who has decided to step down after more than five years in the role.
Before the new appointment, Murray held CEO positions at Premier Investments and JB Hi-Fi.
“We are delighted to announce the appointment of Richard and warmly welcome him to Metcash. He has a huge passion for the sector and Total Tools, both as a retailer and a serious tools and DIY enthusiast,” said Metcash CEO Doug Jones.
“Importantly, Richard’s deep retail experience and proven track record ideally position him to play an integral role in the continued success of Total Tools as the number one player in the Australian professional tools market.”
Metcash announced it November the acquisition of the remaining 15 per cent stake in Total Tools for $101.5 million after the owners of the minority stake exercised a put option.
Total Tools has 112 retail stores and is expected to open about 10 more stores a year for the foreseeable future.