Adairs Limited announced the following changes to its Board and executive team: David MacLean retires as Managing Director & CEO effective 18 November 2016 and will commence as a non-executive director at the cessation of his executive responsibilities. Mark Ronan (currently Chief Operating Officer) has been appointed Managing Director & CEO to succeed David MacLean upon his retirement. Michael Cherubino will continue in his role as Executive Director, but will hand over his Chief Financial Officer responsibilities to focus primarily on growing the store network as Adairs accelerates its store roll out strategy.

Mandy Drake joins the Company as Chief Financial Officer and Company Secretary effective 17 October 2016. For the last 10 years, Mandy has enjoyed a successful career as Group Chief Financial Officer of specialty retailer Forever New. Prior to this, Mandy held finance roles with Moran Furniture Australia, Myer, Coles Myer and Target, and worked in the accounting profession with Horwarth & Horwarth and Deloitte.

Adairs intends to appoint a new Chief Operating Officer. Michael Cherubino has been a member of the board since 2010, and a key member of the executive team for the past 20 years. Michael's appointment to the newly created role of Executive Director ­ Property and Business Development will enhance the Company's capacity to pursue its accelerated store rollout programme in Australia and New Zealand.