Woolworths management personnel quit
Woolworths has announced that two of its directors will not be seeking re-election at the company’s 2015 Annual General Meeting.
Ms Christine Cross and Mr David MacKay both joined the Woolworths Limited board in January 2012 as independent non-executive directors.
Newly appointed Woolworths Chairman Gordon Cairns said both had decided it was time to step aside and allow for further board renewal. He stated that the pair had heavy commitments to attend to outside of the company.
“Both Christine and David have brought considerable international retailing and FMCG experience to the Woolworths boardroom,” said Cairns. “Christine has had a distinguished retailing career in the UK, and was an adviser to Woolworths before she joined the Board. David was the Chief Executive and President of Kellogg Company before commencing a non-executive career,” Cairns said.
Woolworths say the process of finding replacements is currently underway.
“The Company is committed to ensuring a strong and diverse Board, with a mix of skills and relevant experience,” Cairns.
Woolworths made the announcement only weeks after revealing Gordon Cairns would replace Ralph Waters as Chairman.
The retail group has experienced other high-up personnel changes throughout 2015 including the June announcement that CEO Grant O’Brien will be leaving.
General Manager of the group’s Big W stores, Alistair McGeorge, stepped-down in August 2015 and in May 2015 there was a marketing team shake-up.
