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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Woolworths Holdings Limited    WHLJ   ZAE000063863

WOOLWORTHS HOLDINGS LIMITED

(WHLJ)
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WHL: WOOLWORTHS HOLDINGS LIMITED - Succession of Group CEO

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01/14/2020 | 01:23am EST
WHL: WOOLWORTHS HOLDINGS LIMITED - Succession of Group CEO
WHL: WOOLWORTHS HOLDINGS LIMITED - Succession of Group CEO
Succession of Group CEO
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1929/001986/06
Share code: WHL
ISIN: ZAE000063863
Bond company code: WHLI
('WHL')
SUCCESSION OF GROUP CEO
Further to previous communications around the selection of a successor to the WHL Group
Chief Executive Officer ('Group CEO'), the Board is pleased to announce that Mr Roy
Bagattini has been appointed as the new WHL Group CEO and an executive director, with
effect from 17 February 2020. Mr Ian Moir, the WHL Group CEO will step down from his
position as Group CEO and executive director with effect from 16 February 2020.
In order to facilitate a smooth transition, Ian will be working closely with Roy and will also
continue in his role as acting CEO of David Jones.
Roy (56), a South African, is presently the President: Americas for Levi Strauss & Company
('Levi Strauss'), one of the world's largest brand-name apparel companies, and was
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. Roy also played an instrumental role in the development and acceleration of the
e-commerce and omni-channel capabilities of Levi Strauss.
Roy has worked in international markets for over 19 years, following his South African based
career. Prior to his present role, from 2013 to 2016, Roy was the President: Asia Pacific,
Middle East and Africa for Levi Strauss.
From 2009 to 2013, Roy held the role of President: Asia and Africa for the Carlsberg Group
based in Hong Kong and prior to that from 1991 to 2009 held various executive roles in
SABMiller plc internationally and in South Africa. In addition to leading numerous merger and
acquisition projects during the course of his career, he has also spearheaded the turnaround
of several companies and successfully driven their growth and expansion.
The Chairman, Hubert Brody, said: 'Roy has extensive operational, management and
turnaround experience in global consumer and retail markets, which will prove invaluable as
we continue to navigate the structural changes taking place in the retail sector and the
challenges particular to our Group. The experienced executive management team, under
Roy´s leadership, will continue to drive the future strategy for the Group. The Board welcomes
Roy and looks forward to his contribution.'
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. Ian was appointed to the
Board in January 2010 and as CEO in November 2010. Prior to his appointment as CEO, Ian
was the Chief Executive Officer of Country Road having been appointed to that role in
November 2000 after serving as Chief Operating Officer of the company and as a member of
the Board of Country Road Group.
Cape Town
14 January 2020
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14-01-2020 07:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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 information disseminated through SENS.
2020-01-14 07:30:00 Source: JSE News Service (SENS)

Disclaimer

Woolworths Holdings Ltd. published this content on 14 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2020 06:22:02 UTC

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Financials (ZAR)
Sales 2020 74 379 M
EBIT 2020 5 508 M
Net income 2020 3 391 M
Debt 2020 11 811 M
Yield 2020 4,38%
P/E ratio 2020 12,4x
P/E ratio 2021 11,0x
EV / Sales2020 0,70x
EV / Sales2021 0,65x
Capitalization 40 577 M
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Mean consensus HOLD
Number of Analysts 11
Average target price 54,43  ZAR
Last Close Price 42,40  ZAR
Spread / Highest target 53,3%
Spread / Average Target 28,4%
Spread / Lowest Target -3,30%
EPS Revisions
Managers
NameTitle
Ian Moir Group Chief Executive Officer & Executive Director
Hubert Rene Brody Chairman
Samuel D. Ngumeni Group Chief Operating Officer & Executive Director
Reeza Isaacs Group Finance Director & Executive Director
Zyda Rylands Executive Director & CEO-Woolworths
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