Shake-up at MassmartThis article was originally published in Foodnews
MASSMART , the South African retailer recently acquired by Walmart , has announced a number of changes to its management board. Mark Lamberti (chairman), Lulu Gwagwa , Phumzile Langeni and Chris Seabrooke will continue to serve on the Massmart board as independent, non-executive directors. Massmart's chief executive, Grant Pattison , and chief financial officer, Guy Hayward , will continue in their capacity as executive directors. Under terms of the acquisition, Walmart was entitled to nominate the chairman plus three non-executive directors to the board. These are Walmart International representatives Doug McMillon (chief executive), Jeffery Davis (senior vice-president finance and treasury) and JP Suarez (senior vice president – international business development).