After eight years as Dymocks Group’s CEO, Don Grover has announced his resignation, which will take affect in February 2012.

CEO Don Grover said: “I came into the business with a clear focus on what needed to be achieved and now these goals have been met. During my time at Dymocks we have made new acquisitions, which have changed the shape of the company and the time is right to restructure the businesses with their own leaders.

“To emerge from that period as the leading bookseller in the Asia-Pacific region, with a strong balance sheet, a thriving online business and an unparalleled loyal customer base is very satisfying.”

As a result of this and the opportunities offered by the closure of competitors Broders and Angus & Robertson, the company said it will change its structure to better position the company for growth.

“The demise of our major bookselling competitors, Borders and Angus & Robertson has opened a wealth of opportunity for Dymocks Books,” John Forsyth, Dymocks chairman, said

The privately owned Dymocks Group includes 90 Dymocks Book & Stationery stores in Australia, Hong Kong and New Zealand; Dymocks Digital, online and e-books; D Publishing; 36 Healthy Habits fast food stores; Paton’s Macadamias which exports to more than 80 countries; extensive farming interests, including 100,000 macadamia trees; and a property investment portfolio in three states including the iconic Dymocks building in Sydney’s retail precinct.

The new structure would focus on the businesses, each with it’s own managing director to drive growth and profitability, Forsyth said.