Showcase CEO asked to stand aside

Michael Mishevski, the CEO of Showcase Jewellers for over 10 years, has been asked to stand aside while an investigation is conducted into matters relating…
Posted in Local News, News

The cover of Showcase’s current ‘The Kiss’ catalogue
Michael Mishevski, the CEO of Showcase Jewellers for over 18 years, has been asked to stand aside while an investigation is conducted into matters relating to the buying group’s operations.
In an email to suppliers, George Proszkowiec, the chairman of Showcase’s operating company, JIMACO, said Mishevski had been asked to stand aside on full pay in response to “certain matters that have been raised by our auditors, and in line with the Board’s commitment to good corporate governance and following due process.”
He stressed that “pending the results of the investigation, no adverse inferences should be drawn as to Michael’s role, or indeed any other person’s role, in the matters under review”.
The investigation is expected to take a few weeks. In the interim, Carson Webb will act as CEO and Jorge Joaquim will take on the role of company secretary.
He is also currently a director and board member for the Jewellers Association of Australia.
According to the JAA website, Mishevski has over 20 years’ experience in the jewellery industry and “takes a keen interest in the formulation of strategic plans to make retail stores more profitable”.
“Michael has been Chief Executive Officer of the Showcase Jewellers buying and marketing group, which consists of 250 stores, for the past 10 years. Prior to this he was joint Chief Executive Officer for 5 years.”
 

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