Metcash

Are we being treated like human beings by our Corporate Captains? Have they heard of the word 'compassion' or is greed the guiding light for them?

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Dreamweaver
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Metcash

Post by Dreamweaver » 18 Dec 2013, 20:38

Metcash’s supermarket business, which operates IGA supermarkets and the No Frills and Black and Gold private labels, will now operate separately from the IGA and Lucky 7 convenience store business.

Metcash has named Peter Struck, a former Coles Express executive, as its new CEO of convenience.

The appointment come just one week after Metcash unveiled its plans to split its food and grocery business into two, reversing a 2012 decision to merge the operations.

Struck has also previously held senior executives roles at BP and Woolworths.

Ian Morris, CEO of Metcash, said the appointment, along with the recent appointment of Fergus Collins as CEO for supermarkets, would boost the wholesaler’s focused approach to realising future opportunities.

“Peter has won Australia and New Zealand #1 Convenience Retailer three times, he was part of the international team responsible for the strategy which reshaped BP’s global approach to convenience and was integral in the turnaround of Coles Express,” Morrice said.

http://www.insideretail.com.au/2013/12/ ... nce-chief/

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donander
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Re: Metcash

Post by donander » 18 Dec 2013, 22:34

The market likes it ... shares went up a little. Unfortunately, they recently announced a lower dividend payout (yield still excellent at still 8% fully franked :handgestures-thumbsupright: ).

I do hope they've struck the right cord with Peter's appointment. :wink
The last interglacial had less ice, higher sea levels, and warmer temperatures than this one. So, according to the evidence so far, human activity must have a COOLING effect.

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