2017/03/24
WHLE - WOOLWORTHS HOLDINGS LIMITED - WHL Australasian Regional Structure [JSE Securities Exchange - SENS]
 
WHL Australasian Regional Structure

Woolworths Holdings Limited
("WHL" or "the company")
(Incorporated in the Republic of South Africa)
(Registration number 1929/001986/06)
Share code: WHL
ISIN: ZAE000063863

WHL Australasian Regional Structure 
 
WHL is pleased to announce a new regional structure for its Australasian businesses, David Jones 
and Country Road Group. 
 
WHL previously announced its intent to relocate both the existing David Jones head office in Sydney 
and the Country Road Group head office in Melbourne to a single campus based in Richmond, 
Melbourne.  Consistent with the desire to create a single entity benefitting from economies of scale 
and an aligned culture, the company is now creating a single regional corporate structure.  The 
region will be headed by a Chief Executive Officer with a team of regional executives covering the 
core operational functions plus the Chief Executive Officer of Country Road Group,  and Managing 
Directors of David Jones Food and David Jones Clothing and General Merchandise.  
 
Ian Moir, WHL Group Chief Executive Officer said, "The creation of a single regional structure is the 
logical next step for our business. It enables the benefits and synergies of the Australian acquisitions 
to be fully realised and allows the creation of a single team and culture focussed on our Australian 
customers and driving improved shareholder returns for the WHL Group." 
 
John Dixon, currently Chief Executive Officer of David Jones, will assume the role of Chief Executive 
Officer, WHL Australasia, encompassing Country Road Group and David Jones and with responsibility 
for the WHL's Australasian operations with effect from 1st September 2017. 
 
The new regional structure will have no impact on the combined headcount of the David Jones and 
Country Road Group businesses with approximately 1 300 employees located at the new 
Australasian Head Office campus following completion.  Over time, WHL expects its head office team 
will increase to approximately 1 500 employees. 

24 March 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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