Discount retailer, The Reject Shop has appointed former brewery chief, Ross Sudano as CEO.
His appointment follows the departure of Chris Bryce in June 2014, after leading a significant growth phase of the business.
Sudano, who was previously CEO of Little World Beverages, which owns the Little Creatures brand, is expected to commence duties on September 11.
Sudano joins The Reject Shop after a 20 year career in retail with a range of companies, including: Little World Beverages, Anaconda Adventure Stores, Foodland Associated Limited, Coles and BP Australia.
The Reject Shop chairman Bill Stevens on Tuesday said Sudano was chosen for his successful track record in the retail sector.
“Ross is a proven leader with an impressive track record for achieving strong revenue and profit growth in the retail sector and a reputation for bringing deep insights into the needs and demands of consumers. His focus on driving high performance in a low-cost environment is a great fit with The Reject Shop.
“He brings significant experience in the strategic development of retail businesses through sound leadership and the development of high performing teams.
“His experience working in the listed company environment, as well as his prior tenure as a Chief Executive Officer were important attributes sought by the Board,” he said.
During Sudano’s four year tenure at Little World Beverages, he delivered growth in both revenue and earnings, while building a solid leadership team, successfully introducing adjoining brands, and implementing new merchandising systems. Prior to being CEO, he was COO of Little World Beverages for two years.
Sudano said he was delighted to be joining a business with a strong brand and a national platform for growth.
“I am excited by the opportunities that I see to optimise and leverage off the significant recent expansion of The Reject Shop’s stores.
“I have great confidence in the discount variety sector and the long term growth prospects of Australia’s retail industry,” he said.
He will receive a fixed salary of $650,000 with the possibility of earning short and longer term incentive payments.
