Pick n Pay has just announced a rather dramatic restructuring at the top of the business, viz that the current Exco, Retail Management Board and Group Enterprises Board are to be replaced by a Group Executive consisting of accountabilities in Marketing and Sustainability, Buying, Operations, Supply Chain/IS, Franchise, Group Enterprises, Finance, HR, Transformation and Customer. The changes, according to Ol’ Blue, are necessary in order to streamline the company’s operations with a very firm focus on customer sovereignty, efficiency and area specialisation, and, presumably, to accommodate the changes to the rest of the business which the past three years have wrought: the disbanding of Score, the rise of franchise, the retirement of Chairman Ackerman the Elder, the coming of central distribution, and the forthcoming departure from Aus.
Comment: Epochal stuff over at SA’s biggest retailer. Click here for more detail.