Dick Smith receivers install Don Grover as acting CEO as Abboud quits; retailer put up for sale

Mon, 11 Jan 2016

By Jonathan Underhill Jan. 12 (BusinessDesk) - The receivers of Dick Smith Holdings have appointed retailing veteran Don Grover as interim chief executive after the departure of Nick Abboud and have begun an advertising campaign to sell the indebted consumer electronics chain. James Stewart, Jim Sarantinos and Ryan Eagle of Ferrier Hodgson said in a statement that Abboud, installed as CEO by former owner Anchorage Capital Partners, resigned last night. Grover, a former chief at Retail Fusion Brands and Dymocks Group as well as holding va...

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