BIO: Richard Murray has been called one of the most shrewd operators in Australian retail. He has been a senior executive at JB Hi-FI for more than 12 years, first as CFO then as CEO. He’s now preparing to take on the role of CEO of the combined group of JB Hi-FI and the Good Guys where he will be responsible for continuing the company’s low-cost, high-sales model through a period of significant transition in the business.

COMPANY PROFILE: Since listing on the Australian Securities Exchange in 2003 , JB Hi-FI has disrupted, and subsequently become a leader, in the personal electronics category. The company’s low-cost sales driven model, combined with a focus on customer service and store layout/design, has seen it repeatedly take strong sales growth to shareholders, including 8.3 per cent growth in FY16. The company is now about to undergo one of the biggest changes since its inception, with the acquisition of home appliance retailer The Good Guys. The acquisition stands to complement JB’s continued move into the white goods and home appliance category, with lines in the sand being drawn with rival Harvey Norman.

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