The WHL Group Board announced that Mr. Ian Moir will be stepping down in mid-February. On Tuesday, it was announced that the successor to the WHL Group Chief Executive Officer is Mr. Roy Bagattini with effect from the 17th of February 2020.
‘Mr. Ian Moir, the WHL Group CEO will step down from his position as Group CEO and executive director with effect from 16 February 2020.’ WHL Group said in a statement.
Roy is a 56 year old South African, who is currently the President of Americas for Levi Strauss & Company (“Levi Strauss”). Roy was responsible for leading the company’s largest commercial operations, this included a network of retail stores abroad (The US, Canada, Mexico, Brazil, and Latin America).
The newly appointed CEO of Woolworth has been working in the international market for over 19 years. The current CEO, Ian Moir will officially step down on 16 February after 9 years with Woolworth, as he was appointed to the board in January 2010 and became CEO in November 2010.
Moir also announced he will be headed to Australia to oversee the calamitous investment which saw the company losing almost R12 billion of the initial R21.4 billion invested in the Australian Brand.
‘In order to facilitate a smooth transition, Ian will be working closely with Roy and will also continue in his role as acting CEO of David Jones.’ The company said on a statement.
The board finds Mr. Bagattini to be fitting as he has extensive experience in the retail and international markets.
‘From 2009 to 2013, Roy held the role of President: Asia and Africa for the Carlsberg Group based in Hong Kong and prior to that from 1991 to 2009 held various executive roles in SABMiller plc internationally and in South Africa.
‘In addition to leading numerous merger and acquisition projects during the course of his career, he has also spearheaded the turnaround of several companies and successfully driven their growth and expansion.’
“Roy has extensive operational, management and turnaround experience in global consumer and retail markets, which will prove invaluable as we continue to navigate the structural changes taking place in the retail sector and the challenges particular to our Group. The experienced executive management team, under Roy’s leadership, will continue to drive the future strategy for the Group. The Board welcomes Roy and looks forward to his contribution.” Hubert Brody said, the Chairman.
The board applauded Moir for his 9 years of leadership to the Woolworth Group.