Myer has appointed Grant Devonport as its new CFO.

Devonport most recently served as CFO of Tolls Holdings, a position he has held since 2011. Prior this this, he held senior finance, commercial, and executive roles with Toll in Australia and New Zealand as well as senior executive positions with Village Roadshow and the National Australia Bank Group.

Reporting to Myer CEO, Richard Umbers, Devonport will be responsible for all areas of financial planning, accounting, treasury management, compliance, internal audit, and procurement.

“The board and leadership team look forward to working with Grant and know that he will add valuable skills and perspective to the team as we lead Myer in a new strategic direction,” said Umbers.

“We will benefit from his contribution as we finalise our plan to build relevance with customers and deliver a more sustainable, profitable future for Myer.”

Devonport is expected to commence at Myer in late July.