The founder of one of Australia’s biggest electrical retailers has died suddenly.
Gary Johnston, the founder and managing director of iconic Aussie retailer Jaycar, has died.
Mr Johnston is understood to have passed away on Wednesday after suffering from a short illness.
Jaycar's current CEO Michael Newsom paid tribute to Mr Johnston's legacy as one of Australia's biggest retailers, saying his sudden death had caused deep sadness.
"We are deeply saddened by Gary's sudden and untimely passing and we send our deepest condolences to his wife Kerry, Chris, Tim, Jeni and Robbie and families," Mr Newsom said.
"The Group has a strong Management team in place to continue Gary's unique legacy and it is business as usual as we remember Gary and all he has achieved, not only in retailing but in his many other pursuits and philanthropic interests."
Gary Johnston founded Jaycar in 1981, and built the business into a thriving retail empire that currently boasts 146 stores in Australia and New Zealand.
His estimated wealth prior to the pandemic was in excess of $550 million.
Jaycar currently employs almost 1000 staff and is known for offering niche electrical products scarcely available elsewhere.
Source: 9News https://www.9news.com.au/national/jaycar-founder-gary-johnston-dies-after-short-illness/637a11f7-2100-4774-a2b1-2c0ca2e285e2