Pick n Pay’s share dropped slightly following the resignation of Group CEO, Richard Brasher. He is retiring after serving as leader for eight-years.
Brasher was set to retire in 2020 but chose to stay on, in the wake of the instability brought on by COVID-19. During his reign, the company’s store network almost doubled.
The giant retail chain, which also owns Boxer, saw a turnover increase from R55-billion to R90-billion during his tenure.
Pieter Boone, former Chief Operation Officer at, Metro will succeed Brasher.
In other news – Actor Tshepo Desando bags a role on The Queen Mzansi
Veteran actor Tshepo Desando has scored an acting gig on The Queen. The actor, who’s known for his role as Bright on Unmarried, has joined the Mzansi Magic telenovela. Learn more
Source: eNCA
The post Pick n Pay shares drop following group CEO resignation first appeared on News365.co.za.
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