Back to the future call for Woolworths as former chairman favours Roger Corbett’s return
Former chairman John Dahlsen has called on Woolworths to postpone hiring a new chief executive and to appoint former boss Roger Corbett as "transitional" executive chairman to oversee an overhaul at Australia’s largest retailer.
Mr Dahlsen, who was Woolworths chairman from 1997 to 2001, said the retailer needed a circuit-breaker after taking its eye off the ball and Mr Corbett was the best person to deliver it.
"If it were my decision, what I’d do is postpone the appointment of a new CEO, I’d bring in Roger Corbett as transitional executive chairman and I’d give him a term of one or two years to make the various changes to help recruit the next CEO," Mr Dahlsen said.
"People say that’s poor corporate governance; I don’t agree with that," he said, pointing to the appointment of former Wesfarmers chief executive Michael Chaney as the conglomerate’s incoming chairman. Sydney Morning Herald – Read more…
Mr Dahlsen, who was Woolworths chairman from 1997 to 2001, said the retailer needed a circuit-breaker after taking its eye off the ball and Mr Corbett was the best person to deliver it.
"If it were my decision, what I’d do is postpone the appointment of a new CEO, I’d bring in Roger Corbett as transitional executive chairman and I’d give him a term of one or two years to make the various changes to help recruit the next CEO," Mr Dahlsen said.
"People say that’s poor corporate governance; I don’t agree with that," he said, pointing to the appointment of former Wesfarmers chief executive Michael Chaney as the conglomerate’s incoming chairman. Sydney Morning Herald – Read more…
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