Lew keeps up attack on Myer
Solomon Lew has continued his assault on Myer, telling its shareholders in a new letter that their incoming chairman has lied to them.
Mr Lew said while he did not like having to use that terminology, there was no other way to describe some statements made by Myer chairman-elect, Garry Hounsell.
“I don’t like to use such language, but there is no other way to say it accurately — Mr Hounsell has lied to you on several points,” Mr Lew wrote.
His listed retail vehicle, Premier Investments, is Myer’s biggest shareholder.
Premier is opposing the appointment of Mr Hounsell, the election of another proposed Myer board member and the reelection of an existing director at its annual meeting next week.
Mr Lew, who wants two Premier directors and a third representative appointed to the board, has become involved in a bitter brawl with Mr Hounsell.
Mr Lew has also labelled as false claims that he did not tell Myer which directors he wanted on the board of the department store group before publicly naming them last week.
Myer branded Mr Lew’s letter “offensive”.
“This is just more of the same from Mr Lew and we refute the offensive comments about Mr Hounsell,” it said.
“The Myer board recommends shareholders disregard Mr Lew’s correspondence and vote in favour of the board’s nominees at next week’s AGM.”
Myer shares fell 0.7 per cent yesterday to 72¢.