WOOLWORTHS HOLDINGS LIMITED - BOARD APPOINTMENTS AND EXECUTIVE RESTRUCTURE
Woolworths Holdings Limited
Registration number 1929/001986/06
ISIN: ZAE000028288
JSE Share code: WHL
BOARD APPOINTMENTS AND EXECUTIVE RESTRUCTURE
Woolworths Holdings Limited (WHL) announces the appointment of Nolitha Fakude,
Mike Leeming and Chris Nissen to the board with effect from 1 July 2004. Buddy
Hawton, chairman of Woolworths Holdings, said, `The new appointments will
provide the board with a combination of broader knowledge and more diversity.
Nolitha Fakude brings with her a retail background in Woolworths together with
the experience she gained as the president of the Black Management Forum. Chris
Nissen has agreed to assume the role as chairperson of the transformation
committee which will be formed shortly. Mike Leeming`s appointment as a
director and as chairman of the risk committee and member of the audit committee
provides the group with the skills and experience resulting from his commercial
and banking background`.
Two executives of WHL have resigned from the board with effect from 30 June
2004. Deon de Kock has elected to take early retirement after twelve years with
the business. Mark Canning who has been with the company for fifteen years has
advised that he wishes to pursue other interests.
To further streamline operations and integration to meet the changing needs of
our customers, the executive responsibilities within the group have been
restructured.
Richard Butt extends his existing portfolio of Foods to include Clothing & Home
and Marketing. In addition to his existing responsibility of Supply Chain and
Logistics and Information Technology, Richard Inskip assumes direct
responsibility for Financial Services. Kevin Stanford, who presently has
responsibility for our stores extends his portfolio to include the franchise
stores.
Zyda Rylands, a Woolworths employee and senior representative on the Black
Management Forum has been appointed to assume the responsibility of Human
Resources later this year from Helena Feltham, who is currently responsible for
Human Resources on a short term assignment.
`The restructure will reinforce Woolworths need to continue strengthening our
merchandise offer and focus us on meeting our customer needs`. Simon Susman,
Chief Executive Officer of Woolworths Holdings Limited.
End
Date: 21/05/2004 09:15:06 AM Produced by the JSE SENS Department
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