Directorate Change
March 02 2007 - 6:16AM
UK Regulatory
RNS Number:2116S
Woolworths Group PLC
02 March 2007
Friday 2nd March
Woolworths Group plc - Change of Chairman
The Board of Woolworths Group plc announces that Gerald Corbett, the Group
chairman, will be stepping down from the Board following the AGM on 6 June 2007
after serving two three year terms.
Mr Corbett will be succeeded as Chairman by Richard North on 6 June 2007, who
joined the Board of Woolworths in October 2006.
Gerald Corbett said:
"My six years as chairman of Woolworths is up at the AGM and it is time to hand
over the reins. Much has changed since the demerger from Kingfisher. I am
pleased with the entertainment, wholesale and publishing businesses we have
built and while the recent performance of the retail chain has been
disappointing, the building blocks are in place for a recovery.
Richard North has wide ranging experience in consumer-facing businesses and will
work well with the team at Woolworths. He has been Chief Executive of
Intercontinental Hotels Group and was previously Group Finance Director of Bass
plc and The Burton Group plc. His former non-executive Directorships include
Asda Group plc and Logica CMG plc."
Richard North said:
"Gerald Corbett has done a great job in leading Woolworths Group through the
demerger and its early life as public company. The Board would like to thank
Gerald for his hard work and commitment and wish him all the best for the
future.
Woolworths is a well-recognised brand with a wide high street presence. The
Entertainment businesses have strong positions in their respective markets. I am
looking forward to working with the management team."
Enquiries:
Tulchan Communications
Kirstie Hamilton/Celia Gordon Shute 020 7353 4200
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAUUUAUWUPMGGP
Woolworths (LSE:WLW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Woolworths (LSE:WLW)
Historical Stock Chart
From Jul 2023 to Jul 2024