Aug 10, 2026 – 7.00pmDavid Jones’ new chief executive, Erica Berchtold, has hired former Myer executive Nigel Chadwick as chief financial officer after Clint May resigned amid growing supplier unrest over the luxury department store chain’s proposal to settle overdue bills in instalments over several months.The retailer, now owned by Anchorage Capital Partners, has been at loggerheads with suppliers for months amid slow payments for stock, leading to doubts over its financial stability.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
David Jones loses CFO as suppliers fume over late payments
The upmarket department store giant, now owned by private equity, has hired former Myer executive Nigel Chadwick to take over as it negotiates with brands.
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