Coles Myer is to move its head office and lose its managing director.

The Australian retailer has today announced to the Australian Stock Exchange that it will move its liquor group head office from its current location of Chullora in New South Wales to Melbourne by January of next year. The move will bring the group's liquor and food teams to the same location to allow closer and more innovative work, the company said. "Staff will also be better placed to benefit from cross-brand career development opportunities," the group told the Stock Exchange.

Coles Myer has also announced today that its liquor group managing director, Craig Watkins, is to step down. "Craig Watkins has decided to take early retirement after 35 years with the company," Coles Myer said.

Officeworks managing director Peter Scott will succeed Watkins, who has been MD for the last 18 years.