Woolworths Australia CEO resigns

JOHANNESBURG- Woolworth’s the South African retail giant announced on Tuesday that they had discontinued the role of regional chief executive in its Australian operations, explaining the decision was taken to simplify the leadership structure in Australia after a strategic cost review.

This means Woolworths  regional chief executive John Dixon would leave the group after he resigned as an executive director of Woolworths Holdings Limited (WHL) coming into effect from 21 May 2018.

Woolworths said, “We would like to thank John for his stewardship of the business over the last two and a half years and wish him every success for the future.”

Dixon who started his role as chief executive in September 2017 after he joined the group in 2016 as chief executive of David Jones.

Dixon salary was the second highest paid executive, with a figure of R23 million after Ian Moir the group chief executive.

Woolworths added that the chief executives of their two Australian division’s David Thomas the chief executive of David Jones and Scott Fyfe the chief executive of Country Road Group, will now report directly to Moir.

Photo Credit- AFP / Saeed Khan

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