In another setback for PMP, the print giant has also lost the $10m a year contract to print and distribute catalogues for department store chain Myer, according to The Australian Financial Review. The loss was not mentioned in the company’s general meeting. 

PMP’s current contract with Myer will end on January 31 with the catalogues to then be printed by IPMG and distributed by Salmat. Myer spends an estimated $8m a year printing catalogues and $2m distributing them.

Bernie Brookes, chief executive of Myer told the AFR the decision to drop PMP was not related to catalogue distribution problems earlier this year, when it was discovered a large number of Myer’s catalogues were not being delivered.

Brookes says, “IPMG and Salmat were successful as they were able to demonstrate the quality of their product, innovation, an ability to meet time lines, environmental credentials and competitive financials.”

Also in the news, PMP announced two senior executive appointments today, which are in-line with its transformation plan. Michael Vincent has been appointed in an executive strategic role and Penny Mabbutt will lead the company’s people and culture strategy.

Leading strategy at an organisational level, Michael Vincent will have responsibility for strategic alignment of the Group and development of organisational strategies to support the direction of the PMP business.

Meanwhile, Penny Mabbutt has been appointed to develop and implement people and culture strategies to support PMP’s transformation plan, according to the company.

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