JOHANNESBURG - Pick n Pay’s share dropped slightly following the resignation of Group CEO, Richard Brasher.
He is retiring after serving as leader for eight-years.
Brasher was set to retire in 2020 but chose to stay on, in the wake of the instability brought on by COVID-19.
During his reign, the company’s store network almost doubled.
The giant retail chain, which also owns Boxer, saw a turnover increase from R55-billion to R90-billion during his tenure.
Pieter Boone, former Chief Operation Officer at, Metro will succeed Brasher.