David Jones a Welsh immigrant, founded this departmental store in 1838 in Australia. With a vision to trade in the best and most exclusive goods as well as stocking goods tha embraces everyday wants of mankind at large, his store performed well. This store was located along the main street of Sydney and attracted both gentry and country settlers. They purchased goods such as buckskins, ginghams, fabrics, silk and other goods. David Jones later retired and handed the running of the store to his partners. This move was unsuccessful as the store underperformed with his exit. He came back from retirement borrowed heavily and recreated the stores success. At present David Jones is the oldest department store in Australia as well as in the world still in business using the original trade name (David Jones, 2012).
Management structure
The board of directors as at March 2012 comprised 8 members under the chairmanship Robert Savage AM, a non-executive director, assisted by John Coates AC, as deputy chairman and non-executive director as well. The other members of the board are; Paul Zahra the chief executive officer, Stephen Goddard who serves as the finance director. The rest of the members including, John Harvey Katie Lahey, Peter Mason AM and Philippa Stone are all non-executive directors. Three of the board member serve in other committees in the organization. These include, Robert Savage AM who is an ex-officio member of the Audit Committee, John Coates AC who is the chairman of the Property Committee and John Harvey who serves as the chair of the Audit Committee.
The senior management staff are; Paul Zahra as the Chief Executive officer, Stephen Goddard the Finance Director, Paula Bauchinger who is the Group Executive Human Resource and Cate Daniels, Group Executive in charge of Operations....
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