Thursday, October 23, 2008

Shake-up at Woolworths

In trouble even when times were good, UK's Woolworths chain is really hurting now. The result is that several top execs are gone, and a "retail operations board" has been created.
Woolworths has made a raft of changes to its management structure, including the creation of a retail operating board, two new appointments and four senior management departures. [...]

A Woolworths spokeswoman said: "The creation of a Woolworths retail operating board will help create the strategy to take the business forward and provide the leadership to make that happen. Steve Johnson said he wants to accelerate the pace at which he can develop and implement plans within the retail business and this is a big part of being able to do that."
Obviously changes need to be made, but since when does a committee "accelerate the pace" of anything?

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