Massmart CEO resigns, COO to take the helm
Retail giant Massmart has announced the resignation of CEO Grant Pattison, effective June 1, and the appointment of COO Guy Hayward as his successor.
Pattison joined Massmart in 1998 and was appointed CEO in 2007, leading the group through a “significant” period, which culminated in the sale of a majority stake to the world’s largest retailer WalMart Stores.
“As the group is in good shape and well positioned for growth, I can think of no better time to hand over the reins. My successor is someone with whom I have worked closely and who has the skill and energy to take Massmart forward. I would like to congratulate Guy on his appointment and wish him well in his new role,” Pattison commented.
Hayward had held senior financial roles at former JSE-listed conglomerate Malbak and retail brand CNA Gallo, in South Africa, and at Goldman Sachs, in London, before joining Massmart as group financial executive in 2000.
He was appointed CFO in 2001 and in May 2012 COO – a newly created position – with responsibility for Massmart’s four operating divisions.
Massmart on Friday also announced the appointment of Kuseni Dlamini as independent nonexecutive chairperson from April 10, taking over from Mark Lamberti who was recently appointed CEO of logistics group Imperial Holdings.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation