Big W CEO Calls It Quits
The CEO of the Woolworths-owned chain retailer Big W has announced she’ll be leaving the role after less than a year in the position.
Sally Macdonald, appointed to head restructuring efforts back in January, announced her resignation earlier today.
According to Woolworths CEO Brad Banducci, while Ms Macdonald made “material progress” in restructuring Big W, it was “apparent that the transformation… will take three to five years to complete and, unfortunately, this time horizon is inconsistent with Sally’s expectation when she joined”.
David Walker, formerly the head of Woolworths’s failed Masters joint-venture, will take over Big W as acting CEO with Macdonald to assist in the transition.
It’s more bad news for Big W, who has struggled to compete with both local competition and international fast fashion retailers and seen its sales growth slip to 5.7 in the last quarter.