Retail in Asia

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Masters director Melinda Smith resigns as D-Day looms for Woolworths

The co-architect of Woolworths’ disastrous foray into home improvement, Masters director Melinda Smith, has resigned just months before the board is due to make a decision on its future.

Ms Smith, who is due to depart at the end of December, was chief operating officer of Masters from 2009 to 2012 and was promoted to director in July 2013 after Master’s first managing director, Lowe’s executive Don Stallings, returned to the US.

Ms Smith was responsible for the day to day operations of Masters before Woolworths hired UK hardware expert Matt Tyson to replace Mr Stallings in January 2014.