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Woolworths confirms Gordon Cairns as new chairman, profit falls 12.5pc

Sue Mitchell
Sue MitchellColumnist
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Woolworths' new chairman-elect Gordon Cairns says Australia's largest retailer can "be great again" by appointing a strong and engaging leader as chief executive and putting customers ahead of profits.

Mr Cairns has foreshadowed a new era of teamwork and accountability at Woolworths after agreeing – in a remarkably short period of time – to take over as chairman from Ralph Waters following months of upheaval that culminated in the resignation of chief executive Grant O'Brien, the abrupt departure of BIG W boss Alistair McGeorge, a series of profit downgrades and the weakest profit results for 20 years.

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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com

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    Original URL: https://www.afr.com/business/woolworths-confirms-gordon-cairns-as-new-chairman-profit-falls-125pc-20150826-gj8ofx