David Jones chairman has announced his retirement from the David Jones board.

“After careful consideration I have decided that now is an appropriate time for me to retire as Chairman and as a non-executive member of the Board. Having served as Chairman for nine years and as a non-executive director for the past 13 years I believe that I am leaving the Company and the Board in excellent shape,” Savage said in regards to his retirement, which will be effective as of 31 December 2012.

The board has elected Peter Mason to take Savage’s place. Mason has extensive experience as a professional director and his breadth of experience which includes the role of chairman of AMP Limited and a non-executive director of Singapore Telecommunications Limited is an asset to the Board of David Jones.