The Warehouse Group – Departure of Chief Operating Officer

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To: Market Information Services Section
NZX Limited
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Auckland, 20 October 2020

The Warehouse Group - Departure of Chief Operating Officer

Chief Operating Officer Pejman Okhovat has resigned from The Warehouse Group to take
up a senior executive position with an overseas retailer and he will leave the business in the
new year. Pej joined The Warehouse Group in 2005 and has held a number of senior
operational and executive roles including most recently CEO, The Warehouse and
Warehouse Stationery and Chief Operating Officer, The Warehouse Group.
“Pej has played a key role in improving the performance of The Warehouse and Warehouse
Stationery over the last few years and was instrumental in developing and implementing the
strategy of everyday low prices, significantly growing the online business of both
The Warehouse and Warehouse Stationery, and structuring the Red and Blue sheds to
deliver a great omnichannel retail experience to our customers,” says Group CEO Nick
Grayston. "Pej was also pivotal in enabling The Warehouse Group to trade through COVID
during the level 4 and 3 lockdowns earlier in the year. On behalf of the Executive and the
Board I would like to thank Pej for the significant contribution he has made over the past 15
years and wish him all the best in his new role.”
Pej says, “it’s with mixed emotions that I have decided to leave The Warehouse Group after
15 years and take up a new opportunity. It’s been a privilege to work for The Warehouse
Group and I look forward to watching the Company successfully deliver on its ongoing
transformation and strategy to help Kiwis live better every day. I want to personally thank
Nick, the executive team and the board for the support they have given to me over the
years.”
This announcement is made pursuant to Listing Rule 3.20.1.

ENDS

Contact details regarding this announcement:

Investors and Analysts: Jonathan Oram, Chief Financial Officer
To be contacted via Kim Russell +64 9 488 3285 or +64 21 452 860
Media: Jordan Schuler, Corporate Affairs Partner +64 21 143 6930