Woolworths Holdings Limited appoints new Group Chief Executive

17 Janvier, 2020, 11:44 | Auteur: Auguste Feret

Moir has been rather unpopular with shareholders who have placed much of the blame for the disastrous acquisition of David Jones on him.Bagattini does seem to have a good pedigree and can perhaps bring in some much-needed strategic and operational changes.His global experience may be what is needed to assist Woolworths with its global operations, additionally his experience in apparel may also lift the performance of the South African clothing division.

Moir announced previous year that he would be heading to Australia to oversee the turnaround plan of David Jones, the disastrous investment which saw Woolworths losing just under R12 billion of the initial R21.4 billion that it invested in the Australian brand.

Bagattini headed Levi Strauss in the USA for three years, and has also worked for Carlsberg beer and South African-founded brewer SABMiller.

Roy Bagattini has been appointed as the new Woolworths group CEO and an executive director, effective 17 February 2020. After serving the company for almost a decade, Moir will depart in February.

Moir will work closely with Bagattini to facilitate a transition and will continue in his role as acting CEO of David Jones, the company said.

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He has been responsible for leading the company's largest commercial operations, including a significant network of retail stores, spanning the United States, Canada, Mexico, Brazil and Latin America, and also played an instrumental role in the development and acceleration of thee-commerce and omni-channel capabilities of Levi Strauss.

Roy has worked in worldwide markets for over 19 years, following his South African based career.

He has led many large-scale merger and acquisition projects, has spearheaded the impressive turn-around of several companies and successfully driven the growth and expansion of various businesses, particularly in emerging markets.

"The experienced executive management team, under Roy´s leadership, will continue to drive the future strategy for the group. I am grateful for Roy's contributions to the strong foundation now in place at LS&Co., and I know that he will be a high-impact CEO in his next role".

Woolworths also wishes to thank Ian for his stewardship of the Group for the last nine years where he oversaw a period of significant growth and transformation. (LS&Co.) to assume a group CEO position.

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