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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Woolworths | LSE:WLW | London | Ordinary Share | GB0030738610 | ORD 12.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.22 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 3862G Woolworths Group PLC 22 October 2008 22nd October 2008 WOOLWORTHS APPOINTS ROBERT McDONALD AS GROUP CHIEF FINANCIAL OFFICER Woolworths Group plc, the retail and entertainment wholesale and publishing group, is pleased to announce the appointment of Robert McDonald as Group Chief Financial Officer, replacing Stephen East. Stephen will remain with the company for a period to ensure a smooth and efficient handover. Robert was previously Group Finance Director of Punch Taverns. Prior to that he had worked in a variety of roles for Allied Domecq. He will take up his post on 3rd November. Commenting on the changes, Steve Johnson, Chief Executive of Woolworths, said: "Robert's appointment is very important for the Group, and I am delighted to welcome him to the team. He has great experience in finance, strategy and operational business development and is an experienced FTSE 100 CFO. His experience will be invaluable in driving through the operational changes within Woolworths and in helping the Group move to the next stage of its development. I would like to thank Stephen for his significant contribution to the Group over the last three and a half years and wish him well for the future." Robert McDonald said: "I am excited to be joining Woolworths. I share Steve's belief that there is space on the high street for a successful home-based variety store and I look forward to joining the team leading the turnaround of this iconic retail business." Stephen East said: "I have enjoyed my time at Woolworths. I will be staying on to ensure a smooth handover before pursuing various non-executive opportunities. I wish everyone at Woolworths much success for the future." No additional information should be disclosed under paragraph 9.6.13 of the Listing Rules of the UK Listing Authority. For further information please contact: Tulchan 020-7353-4200 Susanna Voyle Peter Hewer Notes to Editors: Robert McDonald Biography Robert McDonald, age 53; Fellow of the Chartered Institute of Management Accountants (FCMA) BSc Applied Maths and Computer Sciences 1976-1977 Easams Ltd 1977-1982 United Glass Ltd 1982-1991 Allied Breweries Ltd, Financial and management roles 1991-1999 Allied Domecq Retail, Finance Director of operating businesss 1999-2002 Punch Pub Company, Finance Director 2002-2007 Punch Taverns plc, Group Finance Director Remuneration Basic package: - Base salary of £330,000 per annum - 12 month contract Bonus (subject to detailed terms and performance targets): - Entitled to a cash bonus of between 40 per cent and 80 per cent of salary - Targets to be confirmed One-off incentive plan: - Award of nil-cost share options over 12 million Woolworths Group - 50 per cent of the award to vest at three years from the date of grant, subject to performance measures - 50 per cent of the award to vest four years from the date of grant, subject to performance measures - Vesting only if share price reaches 12p or above - At 12p, 40 per cent of shares vest - At 20p, 100 per cent of shares vest - Vesting will be calculated on a straight-line basis This information is provided by RNS The company news service from the London Stock Exchange END BOAPUGUWUUPRGQG
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