Woolworths Ltd CFO Tom Pockett is to step down as the Australian grocer’s CFO in February.
Pockett, who has spent 11 years as finance chief at Woolworths, will be replaced by David Marr, general manager of corporate finance at Australia’s largest food retailer.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Chairman Ralph Waters said: “It has been Tom’s wish for more than 12 months to retire and the board prevailed upon him to stay during this critical time in Woolworths’ transformation.”
In the last year, Woolworths has sought to boost its sales growth in a fierce battle with Australia’s number two grocer, Coles, which has outperformed its larger rival in recent quarters. Woolworths has also offloaded electronics business Dick Smith.
CEO Grant O’Brien, who took the helm in 2011, added: “On a personal note, I owe a great debt to Tom for the support he has given me since becoming CEO. I have known Tom for some time but his sage advice and wisdom over the last couple of years has been invaluable to me and I thank him for that.”
Marr joined Woolworths in 2011 after three years at Tesco, where he held finance and supply chain roles.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
