Woolworths Food will have a new leader at the helm from August of this year.
Rylands has been with the Woolworths Group for nearly 30 years and will retire at the end of August 2024.Woolworths Group over the past 29 years, and for the significant role she has played in growing andAs part of the succession process, Ngumeni will become the CEO of Woolworths Foods on 1 July 2024.
“Sam is a highly regarded executive with a successful track record across multiple senior roles in the Group over the past 28 years.” “The Board congratulates Sam on his appointment and looks forward to the contribution he will make to the Food business.” Ngumeni takes over at a strong point for the group’s food business, which saw turnover and concession sales grow by 8.4% and 7.2% on a comparable store basis, respectively, in itsOnline sales also increased by 46.6% , driven by Woolies Dash.However, there was a significant increase in operation expenses of 11.1% due to a rise in operating expenses from new initiatives and higher cost inflation,
Its adjusted operating profit grew by 13% to R1.59 billion, with an operating profit margin of 7.0% for the current period.HEINEKEN Director Millicent Maroga unpacks the company’s sustainability projects
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