After eleven months in the job, Sally Macdonald has resigned from her role as CEO of Woolworths-owned discount retailer, Big W.
In the meantime, David Walker, who is the head of the supermarket giant’s home improvement business (which includes its failed Masters joint venture) will step in as acting CEO of Big W.
In the first quarter of this financial year, BIG W’s same-store sales fell by 5.7%, which is a steeper drop than expected.
As for why Sally Macdonald is leaving Big W, the CEO of Woolworths, Brad Banducci says it was “
apparent that the transformation [of Big W] …
will take three to five years" which is a
"time horizon ...
inconsistent with Sally’s expectations when she joined”.
Woolworths reported a net loss of $2.4 billion at 30 June 2016.
