JB Hi-Fi CEO's resignation announcement causes shares to fall

02/15/2010 | Age (Melbourne, Australia), The

Richard Uechtritz, chief executive at Australia's JB Hi-Fi, announced his resignation, and the company's shares promptly fell 7%. Uechtritz had been dubbed the country's "new king of retailing" several months earlier. The situation puts increasing pressure on his successor, Terry Smart, who is well respected in the industry and has been the second-in-command at JB Hi-Fi for more than a decade.

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Age (Melbourne, Australia), The

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