Massmart Head Pattison to Step Down
April 14, 2014,
JOHANNESBURG-Grant Pattison, CEO of South African retailer Massmart (in which Walmart holds a majority stake) will leave his post on June 1.
Guy Hayward, currently chief operating office, will become CEO at that time, in accordance with the company's succession plan. Pattison's future plans were not announced in a Massmart statement.
Hayward joined Massmart in 2000 and was named chief financial officer the following year. He became chief operating officer in 2012.