Kmart turnaround king takes chairman's post at GYG

Guy Russo takes the chairman's helm at Guzman y Gomez

Guy Russo on stage
Guy Russo on stage

Kmart turnaround chief and retail industry icon, Guy Russo, has become the new chairman of QSR, Guzman y Gomez.

Russo, who has been on the board of GYG since 2014, has been working with the business over its recent years of expansion. It’s work that’s seen GYG launch a day part menu strategy, a new range of healthy kids meals, and secure $44 million in investment from TDM Growth Partners. The group now has plans to open another 15 restaurants across Australia in 2019, as well as further its international footprint.

In a statement, Russo said GYG had been on a “remarkable” journey since first launching in Newtown in 2006.

“I’ve been fortunate to have been involved for much of this time and anticipate an exciting future as we pursue a mission to reinvent food,” he said. “We’ll be seeing more of the exciting food and culture that GYG has become renowned for along with some category-defining work in menu and restaurant innovations over the next 12 months.

“I can’t wait to be involved with the whole team, from robust leadership to our energetic crew in-store, as we take GYG to the next level.”

Russo has spent many years in retail, experience that culminated in strong commercial success when he was tasked in 2008 with turning Wesfarmers’ Kmart brand around. Having helped make Kmart one of Australia’s most successful department stores, Russo then became CEO of the newly created Department Stores division overseeing both Kmart and Target.

Russo retired from the CEO role in August last year but continues as a senior advisor to Wesfarmers for the rest of the 2019 financial year.

GYG founder and global CEO, Steven Marks, said Russo is one of the most dynamic and successful retail executives in Australia, “if not the world”.

“He’s one of the most astute board members I’ve seen,” he commented. “As chairman, he will have high expectations of both board and management to deliver across all aspects of governance and the business.”

Follow CMO on Twitter: @CMOAustralia, take part in the CMO conversation on LinkedIn: CMO ANZ, join us on Facebook: https://www.facebook.com/CMOAustralia, or check us out on Google+:google.com/+CmoAu

 

 

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments
cmo-xs-promo

Latest Videos

More Videos

Thanks for your feedback, Rabi. While we introduced the ROO concept using a marketing example, I also believe that it is pertinent to man...

Iggy Pintado

Introducing Return on Outcome (ROO) - Brand science - CMO Australia

Read more

Thanks for your insight, Philip. Return On Outcome (ROO) requires balanced thinking with the focus on outcomes as opposed to returns.

Iggy Pintado

Introducing Return on Outcome (ROO) - Brand science - CMO Australia

Read more

Beautiful article.

Hodlbaba

15 brands jumping into NFTs

Read more

"Blue" is really gorgeous and perfectly imitates a human customer support operator. Personally, I won't order a chatbot development for m...

Nate Ginsburg

Why the newest member of BT’s contact centre is a chatbot

Read more

As today’s market changes rapidly, the tools we use change, and it is important to adapt to those changes to continue to succeed in busin...

Anna Duda

Report: 10 digital commerce trends here to stay

Read more

Blog Posts

How the pandemic revealed the antidote to marketing’s image problem

What does marketing truly ‘own’ in most organisations? Brand and campaigns, definitely. Customer experience? That remains contested ground.

Murray Howe

Founder, The Markitects

Still pursuing a 360-degree view of the customer?

On the Internet, nobody knows you’re a dog.” It may have been true in 1993 when this caption to a Peter Steiner cartoon appeared in the New Yorker. But after 30 years online, it’s no longer the case.

Agility in 2022

Only the agile will survive and thrive in this environment and that’s why in 2022, agility will need to be a whole-business priority.

Sam McConnell

Melbourne bureau chief, Alpha Digital

Sign in