Retail in Asia


MySale Group appoints new CEO, eyes IPO

Australia’s MySale Group has appointed a new Chief Executive Officer to lead its global operations, as the e-commerce platform reshuffles its board ahead of plans to go public.

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MySale announced the appointment of Kalman Polak as CEO, alongside further board changes to prepare the group in advance of a potential listing on the Australian Securities Exchange.

Polak replaces current CEO Carl Jackson, who will become Executive Chairman of the group, while Charles Butler, currently Non-executive Chairman, will remain on the board as a Senior Independent Director.

An online retail veteran, Polak spent over a decade at Catch Group, one of the largest digital marketplaces in Australia, which was acquired by Wesfarmers Limited, in mid-2019. During his time with Catch, the retail expert held several roles, most recently as head of marketplace, where he grew the online platform to become one of the largest in Australia.

Since December, Polak has worked as the group’s Chief Commercial Officer on a consultancy basis.

In addition to the CEO appointment and board reshuffle, MySale is also considering a number of independent Non-executive Director appointments to reflect the company’s main focus on its next stage of growth in the ANZ region which includes evaluating a listing on the ASX, with details yet to be announced.

These appointments will be subject to customary due diligence processes and approval by the Company’s Nominated Adviser.

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Launched in Australia in 2006, MySale retails fashion and lifestyle items ranging across apparel, shoes, accessories, homewares and lifestyle, beauty, kids and baby – all at value and discount prices. It has a presence in its native Australia via OzSale, as well as in New Zealand with NZSale and Singapore and Malaysia, with SingSale and MySale, respectively.