Next up after Woolies, time for a change at Truworths?
Long-serving Truworths CEO Michael Mark famously deferred his retirement in 2015, but who comes next?
This week’s change of guard at Woolworths (https://www.sharenet.co.za/v3/quickshare.php?scode=WHL) was welcomed by a market that has grown wary of retail shares in the past 18 months. One supposes that fresh eyes on the retailer’s particular predicament in Australia can only help matters.
Massmart (https://www.sharenet.co.za/v3/quickshare.php?scode=MSM)’s new CEO, Mitchell Slape, already seems to have grasped the nettle at the Woolies competitor.
The executive leadership shakeup at Woolies might bring into sharper focus the value erosion at former Wooltru corporate cousin, Truworths International...