It says Guy Hayward has guided the company through 'exceedingly challenging market conditions'.
A shopper walks away with a big-screen TV as shoppers take advantage of Black Friday specials, 24 November 2017, at the Makro store in Strubens Valley in Roodepoort. Picture: Michel BegaRetail group Massmart said on Monday chief executive officer Guy Hayward would step down before yearend.
The exact timing of Hayward’s exit was still to be confirmed as he and the board embarked on the process of ensuring a seamless transition, Massmart said. The process to appoint his successor was underway and the board would make further announcements in due course.
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