2000/02/15
WOOLWORTHS HOLDINGS LIMITED TODAY ANNOUNCED A RESTRUCTURE OF ITS BUSINESS TO [JSE Securities Exchange - SENS]
 
15/02/2000 - 23:51:25

WOOLWORTHS HOLDINGS LIMITED
WOOLWORTHS HOLDINGS LIMITED TODAY ANNOUNCED A RESTRUCTURE OF ITS BUSINESS TO
ENABLE IT TO BENEFIT FROM THE RATIONALISATION OPPORTUNITIES IN THE WOOLTRU
GROUP AND TO USE THE GROUPS EXCITING E-COMMERCE INITIATIVES FOR THE BENEFIT OF
ITS CUSTOMERS.
WOOLWORTHS, THE SOUTH AFRICAN TRADING ARM OF WOOLWORTHS HOLDINGS LIMITED, HAS
SPLIT ITSELF INTO TWO DISTINCT AREAS.  SIMON SUSMAN WILL TAKE ACCOUNTABILITY
FOR THE WOOLWORTHS CHAIN INCLUDING PROCUREMENT, SUPPLY CHAIN, RETAIL,
MARKETING, FINANCE AND HUMAN RESOURCES, WHILE BRIAN FROST WILL BE RESPONSIBLE
FOR WOOLWORTHS CHANNEL ACTIVITIES INCLUDING INFORMATION TECHNOLOGY, LOGISTICS
AND FINANCIAL SERVICES.
THEY, TOGETHER WITH IAN THOMSON, THE CEO OF THE AUSTRALIAN RETAIL SUBSIDIARY OF
WOOLWORTHS HOLDINGS, COUNTRY ROAD, WILL REPORT TO THE NEW CHAIRMAN OF
WOOLWORTHS HOLDINGS, COLIN HALL.
SYD MULLER, THE CURRENT EXECUTIVE CHAIRMAN OF WOOLWORTHS HAS RESIGNED HIS
EXECUTIVE POSITION AND DIRECTORSHIPS WITHIN WOOLWORTHS HOLDINGS SO THAT HE CAN
TAKE UP A CHIEF EXECUTIVE POSITION IN A COMPANY TO BE FORMED TO FOCUS ON ONE
ASPECT OF WOOLTRU'S NEW ELECTRONIC COMMERCE INITIATIVE.
IN ADDITION, FARRELL RATNER CURRENTLY THE MANAGING DIRECTOR PROCUREMENT HAS
ENTERED INTO A CONSULTANCY AGREEMENT AS PROCUREMENT ADVISOR WITH THE WOOLWORTHS
CHAIN AND WILL ACCORDINGLY RESIGN HIS EXECUTIVE POSITION AND DIRECTORSHIP.
THE WOOLWORTHS HOLDINGS LIMITED INTERIM RESULTS WILL BE RELEASED ON 17 FEBRUARY
2000.
CONTACT: COLIN HALL 082 568 7887
PRODUCED BY: MALANGO KAUNDA 15-02-2000 08:02 SENS

PUBLISHER : JSE SENS Feed
Source: JSE Securities Exchange - SENS
 
DISCLAIMER: http://www.mcgbfa.com/disclaimer.htm
 
Email
 
Print