Jonathan Waecker Joins Michael Hill as CEO with $830K Salary and Incentives

Leadership Transition at Michael Hill

Michael Hill International Limited has announced a significant leadership change with the appointment of Jonathan Waecker as its new Chief Executive Officer, effective 27 August 2025. This move marks a pivotal moment for the jewellery retailer as it seeks to navigate the evolving retail landscape and accelerate its transformation agenda.

Waecker arrives with a robust international pedigree, having held senior roles at globally recognised brands such as The Walt Disney Company and Yahoo. His recent tenure as Chief Customer & Sales Officer at The Warehouse Group in New Zealand underscores his hands-on experience in retail operations and customer engagement.

Strategic Vision and Digital Expertise

The board, led by Chair Rob Fyfe, highlighted Waecker’s commercial acumen and digital leadership as key assets for Michael Hill’s next chapter. His expertise in leveraging technology, data, and media partnerships to unlock new value aligns with the company’s strategic priorities. The appointment signals a clear intent to deepen customer-centric initiatives and enhance digital capabilities across Michael Hill’s footprint in Australia, New Zealand, and Canada.

Waecker’s relocation from Auckland to Brisbane reflects his commitment to embedding himself within the company’s core operations and culture. His stated enthusiasm for building on the brand’s heritage while driving growth suggests a balanced approach between respecting legacy and embracing innovation.

Transition and Governance

Interim CEO Andrew Lowe will step down from the top role but remain with Michael Hill as Chief Financial and Supply Chain Officer during a six-month transition period. This continuity is designed to support a smooth handover and maintain operational stability following the untimely loss of former CEO Daniel Bracken earlier this year.

The company has also disclosed key terms of Waecker’s employment, including a fixed annual remuneration of $830,000 and a performance-linked incentive program comprising short- and long-term components. The long-term incentive plan, in particular, ties a significant portion of remuneration to sustained company performance over multiple years.

Looking Ahead

Michael Hill has scheduled an investor briefing on 25 August 2025, coinciding with the release of its full-year financial results. This event will provide further insights into how the new leadership intends to steer the company through its next phase of growth and transformation.