Woolworths confirms Gordon Cairns as new chairman, profit falls 12.5pc
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.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Companies
Fetching latest articles