Massmart CEO to step down after 20 years in the business | Fin24
In partnership with
  • Deloitte

    The accounting firm has denied allegations of corruption related to Eskom contracts.

  • SAA Uncertainty

    What you need to know if you have a ticket or intend to buy one.

  • Michael Jordaan

    Forget Matric results - here's how to prepare your kids for jobs that don't yet exist.


Massmart CEO to step down after 20 years in the business

May 06 2019 09:04

Massmart [MSM] says its CEO Guy Hayward will step down before the end of the year.

Hayward has been with the company for 20 years, including five as CEO. The group's board said the process of appointing a successor was underway.

"Guy has guided Massmart through exceedingly challenging market conditions and has worked to position the business for future growth. Under his leadership we have seen the introduction of Value Added Services, the development of a shared Group logistics service, and the implementation of competitive online offerings in Makro, Game and Builders Warehouse," the group said in in update to shareholders.

Massmart chairperson Kuseni Dlamini said Hayward had been a valued contributor to many of the company’s defining milestones. "We wish him well in all his future endeavours”.




Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote