Massmart Head Pattison to Step Down

Grant PattisonGrant Pattison

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.

Pattison joined Massmart in 1998 and was appointed CEO in 2007. He led the company through the transaction process by which Walmart acquired a 53 percent stake in the retailer. Also during his tenure, Massmart reinvigorated its private-label offering, invested in upgrading the supply-chain infrastructure, added food to its product mix, expanded throughout Africa, launched new formats and established e-commerce at its DionWire, Shield and Makro formats.

Hayward joined Massmart in 2000 and was named chief financial officer the following year. He became chief operating officer in 2012.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

Current Issue

  • HFN May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money