Woolworths supermarkets boss Claire Peters is handing over her job of running the group’s 1000 stores to Natalie Davis, a former McKinsey & Co partner who has been in charge of Woolworths New Zealand for two years.

Ms Peters, head of the supermarkets business for three years, will move into a newly created position as managing director of B2B and Everyday Needs, where she will oversee a range of businesses including Big W.