News Formal

Massmart company secretary Joe Ralebepa resigns

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Indonesia Berita Berita

The exit of Ralebepa is another leadership change at a difficult time for the owner of Game, Makro and Builders Warehouse

Game is a subsidiary of Massmart. Picture: FINANCIAL MAIL

The owner of brands such as Game, Makro and Builders Warehouse has been buffeted by tough trading conditions in the past year, which have hurt its bottom line. The extent of the damage was revealed in its latest interim results, announced last week, where it reported a R832.4m loss for the six months ended June.

Massmart’s US-based parent, Walmart, has parachuted in Mitchell Slape to turn the company around. Its share price has fallen 57.23% since the start of 2019. Ralebepa’s exit follows those of a number of other executives including former CEO Guy Hayward, who headed the company for five years, and former CFO Johannes van Lierop, who was replaced by Mohammed Abdool-Samad at the start of August.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 12. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

JSE reprimands PBT Group’s company secretaryPBT had not received the necessary board resolutions to repurchase company shares during the period under review
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »