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Richard Murray’s resignation as the Premier Investments CEO caused a “massive” market reaction on Monday, according to Sky News Business Editor Ross Greenwood.
“The decision today for Chief Executive Richard Murray to pat company with Premier was a shock, Murray was Chief Executive of JB Hi-Fi, and was considered a star signing when he joined Premier less than two years ago,” Mr Greenwood said.
“Premier investments leapt 12.23 per cent, which on our calculation added around $1.1 billion to the already considerable wealth of 45 per cent shareholder Solomon Lew.”
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