Pick n Pay Announces Strategic Management Changes to Drive Growth

  • Strategic Leadership Changes: Pick n Pay announces new executive appointments to drive growth and profitability, effective March 1, 2024.
  • Focus on Operational Excellence: Dallas Langman appointed as Managing Executive to enhance Pick n Pay's core retail business performance.
  • Published by
    Lethabo Ntsoane

n a bid to revitalize and steer Pick n Pay Stores Limited towards growth and profitability, Group CEO Sean Summers has unveiled a series of strategic management changes, effective from March 1, 2024.

New Leadership Structure Unveiled

In a pivotal move, Dallas Langman, with an impressive 34 years of experience within the group, has been appointed to the newly created position of Managing Executive of the Pick n Pay Retail Division. Langman, formerly Managing Executive of the Rest of Africa division, is recognized for his ability to drive operational standards and team performance. Working closely with CEO Sean Summers, he will play a key role in orchestrating a significant improvement in the performance of Pick n Pay’s core retail business.

To enhance regional management intensity at the store level and bring the company closer to its customers, five regional heads and a head of Retail Hypermarkets have been appointed within the Pick n Pay Retail division.

Johan Grobler, a veteran of 32 years with the group, will take over the leadership of the Rest of Africa division from Langman. Grobler, previously Head of Fresh within Pick n Pay Retail, will also assume additional responsibilities for Value Added Services and Tomis, the recently acquired meat producing and processing facility.

Diversity in Leadership

The Group Executive will now comprise six strategic roles, demonstrating a commitment to diversity and transformation objectives. Notably, three of these positions are held by women – Group CFO Lerena Olivier, Chief People Officer Thembi Mbengashe, and Hazel Pillay, who will continue as Managing Executive for Clothing. Marek Masojada remains Boxer Managing Executive.

Expectations for Growth and Sales Update

The company aims to release a sales update during the latter two weeks of February 2024. This comes as part of Pick n Pay’s overarching strategy to return to growth and profitability, particularly in the core retail business, while ensuring sustained success in online ventures, Boxer, and Clothing segments.

Conclusion

As Pick n Pay embarks on this strategic journey, these management changes mark a significant step in aligning the company’s focus on customers, buying, store execution, and the store estate. Investors and stakeholders will be keenly awaiting the upcoming sales update as the company navigates its course toward a more robust and profitable future.

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Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo