David Jones boss Paul Zahra resigns after Woolworths SA takeover

David Jones chief executive Paul Zahra has resigned from the retailer following its $2.2 billion takeover by Woolworths South Africa, with the new owners of Australia’s oldest department store pushing through a raft of management changes this morning as it takes control of the business.
Woolworths said this morning that Mr Zahra would step down immediately saying it was the best time for the CEO to depart as part of a change of management leadership.
Mr Zahra was shoved into the CEO role at the upmarket store four years ago following the shock sacking of former David Jones boss Mark McInnes.  Sydney Morning Herald – Read more…