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"Clearly our brand suffers as a result of this," Savage said. McInnes' resignation was prompted by a formal complaint to the company from the employee, but no complaint has been made to the police, Savage said. McInnes, who was 37 when promoted to CEO of David Jones in 2003, was considered a young gun in Australian corporate circles, and one of the country's most effective and respected executives. A career retailer who started out on the shop floor, McInnes was credited with doubling David Jones' share price within a few years of taking over management of the company. McInnes said he would be "overseas for the foreseeable future."
[Associated
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