Skip to main content

Massmart CEO to step down after 20 years in the business

| On the move

Massmart says its CEO Guy Hayward will step down before the end of the year. Hayward has been with the company for 20 years, including five as CEO. The group's board said the process of appointing a successor was underway.

"Guy has guided Massmart through exceedingly challenging market conditions and has worked to position the business for future growth. Under his leadership we have seen the introduction of Value Added Services, the development of a shared Group logistics service, and the implementation of competitive online offerings in Makro, Game and Builders Warehouse," the group said in in update to shareholders.

Massmart chairperson Kuseni Dlamini said Hayward had been a valued contributor to many of the company’s defining milestones. "We wish him well in all his future endeavours”.


Related Articles

'Tis the season for on-demand shopping, now wit...

Pick n Pay asap! is feeling festive and is giving away up to R30 million to customers

Big growth for Spar’s rival to Checkers Sixty60

By: Hanno Labuschagne  - MyBroadband South African grocery retailer Spar has recorded substantial user and revenue growth for its on-demand delivery app Spar2U over the past year.

What customers want this Black Friday, with clo...

Pick n Pay launches Early Black Friday deals, more to launch next week In recent years, there has been a noticeable shift in consumer focus towards prioritising Black Friday deals on groceries, particularly meat, non-perishable pantry items, and ...

The SPAR Group set to transform KZN business wi...

The SPAR Group South Africa has appointed Damon Harry as Divisional Managing Director for SPAR KwaZulu-Natal. Harry replaces Angelo Swartz, who was recently appointed CEO for The SPAR Group.

The SPAR Group appoints retail expert Ed von Ge...

The SPAR Group has announced Ed von Gericke as the new National Retail Operations Executive for The SPAR Group Southern Africa. With his appointment, von Gericke is set to lead SPAR's journey of growth and innovation, leveraging his leadership ski...