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When Richard Branson or Oprah Winfrey arrive in South Africa to distribute largess you are left in no doubt that these are television stunts designed to maximise their brands. Too much showmanship in front, and little thinking behind. It’s rich folk lording it over poor folk. One South African businessman can teach Bono, Branson, Gates… ....
A 'remarkably transformed' Pick n Pay is CEO Richar... dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.
JSE-listed companies could arguably take a page out of Pick n Pay’s book when it comes to succession planning in the C-suite. After Richard Brasher was appointed in 2013 as the Pick n Pay CEO after resigning from UK-based grocery chain Tesco, he repeatedly told shareholders at results presentations that he would leave the local retailer once it returned to stability and profitability. Some shareholders knew that Brasher’s time in the top job would be up because his employment contract expires in 2021. Pick n Pay’s announcement on Thursday, 14 January 2021 that Brasher will step down from 21 April was also expected because he was meant to exit the retailer in early 2020. But the Pick n Pay board asked Brasher to stay for another year to help the retailer sail through the Covid-19 storm, also buying the board time to plan and search for his replacement. ....
Pick n Pay CEO steps down, successor appointed Pick n Pay CEO, Richard Brasher, will step down from the helm of the South African retail giant after eight successful years. Brasher, who took over from Nick Badminton in 2013, has earned high praise during his tenure for turning around the fortunes of the company. Brasher took office amidst consecutive years of declining profits and market share, which was given up to competitors such as Woolworths and Shoprite. Given the tough macro-economic landscape and low economic growth that South Africa has experienced over the last decade, Brasher has delivered consistently over his tenure and has left the company in good standing. ....