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S. Africa's Woolworths appoints Roy Bagattini CEO

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01/14/2020 | 04:52am EST
FILE PHOTO: A shopper walks to a Woolworths store in Sandton

South African supermarket chain Woolworths Holdings on Tuesday named Levi Strauss' Americas President Roy Bagattini to the top job, after Chief Executive Officer Ian Moir steps down in February.

Woolworth shares jumped 9% following the announcement.

Moir served at the helm of Woolworths for nearly a decade and the company did not give a reason for his departure.

(Reporting by Safia Infant in Bengaluru; Editing by Shailesh Kuber)

Stocks mentioned in the article
ChangeLast1st jan.
LEVI STRAUSS & CO. 1.47% 19.98 Delayed Quote.3.58%
WOOLWORTHS GROUP LIMITED 1.96% 40.01 End-of-day quote.8.52%
WOOLWORTHS HOLDINGS LIMITED -0.81% 49.02 End-of-day quote.0.86%
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