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Massmart Holdings Ltd (MSMJ.J)

MSMJ.J on Johannesburg Stock Exchange

4,490.00ZAc
16 Aug 2019
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-12.00 (-0.27%)
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Thu, May 23 2019

Massmart warns on profit, names Walmart executive as new CEO

JOHANNESBURG South African retailer Massmart on Thursday warned of lower headline earnings per share for the first half of the year and said that Walmart executive Mitchell Slape would become its new CEO.

UPDATE 1-Massmart warns on profit, names Walmart executive as new CEO

JOHANNESBURG, May 23 South African retailer Massmart on Thursday warned of lower headline earnings per share for the first half of the year and said that Walmart executive Mitchell Slape would become its new CEO.

CORRECTED-South Africa's Massmart picks Walmart's Slape as new CEO

JOHANNESBURG, May 23 Massmart has appointed Walmart Japan former interim president and chief executive officer Mitchell Slape as its new CEO, succeeding Guy Hayward who resigned in May, the South African retailer said on Thursday.

UPDATE 2-S.Africa's Massmart CEO resigns as retailer eyes Africa expansion

* Exact timing of Hayward's exit not confirmed (Adds analyst quote, background)

South Africa's Massmart CEO Hayward to step down

JOHANNESBURG, May 6 The chief executive of Massmart, Guy Hayward, will step down before the end of 2019 after being at the helm for five years, the South African retailer said on Monday.

UPDATE 2-Massmart to focus Africa expansion plans on Kenya, Zambia

* Cautious outlook for H1 2019 (Recasts with Africa expansion)

South Africa's Massmart earnings drop, cuts dividend

JOHANNESBURG, Feb 28 South African retailer Massmart said on Thursday its full-year headline earnings fell by 31.7 percent to 901.2 million rand ($64.70 million).

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