Universal Store (ASX:UNI) announced a leadership transition, as long-standing Group Managing Director and CEO Alice Barbery prepares to retire on Oct. 31.
Following an extensive tenure that spans 24 years with the company, Barbery will be succeeded by George Do, currently the CEO of Perfect Stranger, effective Nov. 1.
The transition marks the end of an era for Barbery, who joined the retail group in its foundational years and rose through the ranks to become COO in 2009 and CEO in 2017.
Under her guidance, the company navigated its 2020 IPO and expanded its portfolio through the acquisition of the CTC business and the rollout of the Perfect Stranger banner.
The appointment of George Do highlights the company’s commitment to internal talent development.
Do’s journey is a quintessential success story, having started on the retail store floor in 2005 before moving into various corporate roles, including menswear buyer and head of product.
UNI Chair Peter Birtles emphasised that Do's deep-rooted understanding of the group’s culture and strategy makes him the ideal candidate to sustain the company's growth trajectory.
While Barbery is stepping down from her executive duties, she will remain integral to the organisation's future.
She is slated to join the board of directors as a non-executive director in February 2027 and will continue to provide strategic consulting support for the CTC business, ensuring a seamless handover and continuity in leadership.
At the time of reporting, Universal Stores's share price was $7.16.