THE managing director of discount retailer The Reject Shop has resigned after more than four years in the role.
Chris Bryce will leave the company at the end of June, and said on Thursday it was time for a change.
Meanwhile, the retailer said it was on track to meet the full year profit guidance it provided in February.
The company expects to make a net profit of between $17 million and $18 million in the 2013/14 financial year.
The Reject Shop shares gained 36 cents, or 3.5 per cent, to $10.65.
Chairman Bill Stevens says Mr Bryce will leave the company in a very sound financial position, with the infrastructure in place to support potential significant growth.
"The board will be working closely with Chris over the next few months as we transition to a new chief executive officer," Mr Stevens said in a statement.
The retailer will launch a national and international search for a successor.
Mr Bryce joined the company 11 years ago and was appointed managing director in 2009.
"It is the right time for a change for me personally, with the chance to explore other opportunities," he said in a statement.
The company made a net profit of $16.9 million in the six months to December 31, down from $20 million in the same period a year earlier.
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