TIISETSO MOTSOENENG: With succession planning not its strong suit, Truworths gets grooming
Truworths’s current boss has been occupying the position for about 30 years, and has been trying to retire since 2014
10 February 2021 - 18:09
Under pressure from investors to come up with a coherent succession plan for one of SA’s longest serving CEOs, Truworths is grooming the head of its ladies wear division as its next leader.
Sarah Proudfoot will also assume the role of deputy MD, a newly created position, at Truworths’s mainstay African businesses. She will report to long-serving CEO Michael Mark, who presides over some of the biggest brands in the country’s retail industry, including its flagship chain of the same name as well as footwear retailer Office in the UK. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.