Dave Myrie quits H&L
Dave Myrie has resigned his job as chief operating officer of Hardware and Lumber Limited, Grace-Kennedy's retail subsidiary.
His resignation takes effect on March 31, and H&L is on the hunt for a replacement.
"He has received a good offer from a non-competing firm and we are happy for him," said Simon Roberts, chief executive officer of H&L.
"He made a huge contribution to the company and we are sorry to see him go."
Myrie joined the Grace-Kennedy group in 2007. In January 2009, he was promoted to chief operating officer and deputy chief executive officer of H&L.
He was deputy to the former H&L head, Anthony Holness, before Roberts was appointed to the post in November 2009.
Roberts said the post of chief operating officer will be advertised both internally and externally, and that the position would be filled by the end of June.
In the interim, the responsibilities of the position will be shared among the management team.
H&L, operators of the Rapid True Value retail chain, is showing signs of recovery after a period of losses. The turnaround comes on the back of a restructuring plan formulated by Roberts and GraceKennedy group chief operating officer Don Wehby, which includes the ongoing remodelling of several stores to mirror that of minority American partner True Value.
H&L trades at J$4.50 per share on the Jamaica Stock Exchange.