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Pick n Pay deputy CEO stays on

Feb 27 2013 10:44 I-Net Bridge

Company Data

PICK N PAY STORES LIMITED [JSE:PIK]

Last traded 56.33
Change -1.05
% Change -0.02
Cumulative volume 248626
Market cap 27.45bn

Last Updated: 22/09/2014 at 03:52. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Retailer Pick n Pay Stores [JSE:PIK] said on Wednesday that deputy CEO Richard van Rensburg will stay on a deputy CEO.

He was appointed to the executive position of deputy CEO for a three year period‚ effective from October 1 2011‚ so that the company could benefit from his experience in the implementation of strategy.

In this function‚ the IT‚ supply chain and property functions reported directly to him. Following the resignation of Nick Badminton as CEO‚ he assisted acting CEO‚ Gareth Ackerman‚ in the day-to-day administration of the company whilst a search was conducted for the company’s new CEO.

Van Rensburg will‚ in addition to IT‚ supply chain and property‚ now also focus on critical areas that are important to increasing efficiencies and finding further opportunities for growth.

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