Fashion and footwear retailer Colorado Group Ltd on Monday announced the appointment of Eddie McDonald to the position of CFO and company secretary, effective immediately.

He will replace Richard Pepper who has left the Brisbane-based operator of more than 340 stores to take up another role at another firm. Prior to his new role, Mr McDonald has served as CFO of Clarks Shoes - Australia, and held senior financial positions at Mattell, BP and Australia Post.

Commenting on the appointment, Colorado managing director Rowan Webb said: "Eddie MacDonald has worked with the company for 12 months as CFO - Palmer Corporation, heading up the finance and IT operations of the Melbourne based divisions.

"He has made a valuable contribution to the Palmer business and played a crucial role in the integration of the Palmer operations and the strategy development and process re-engineering of the business."

He added: "Eddie has an enormous wealth of experience, and we are excited about the value he can add to the position."