Myer non executive director, Peter Hay, has resigned from the board due to pressure from other work commitments.

Hay has been a  member of the board since February 2010, as well as a member of the audit, finance, and risk committee.

Chairman, Paul McClintock, has accepted Hay’s resignation, and thanked him for his contribution as a board member.

“Peter’s strong background in company law, and investment banking has been of great value to Myer,” said McClintock.

McClintock says the board is well served by its current members’ breadth of skills and expertise, and will not immediately appoint a replacement.