Woolworths chairman Simon Susman publicly expressed full confidence in his CEO Ian Moir this week — but industry insiders say Moir's misadventures at David Jones must be causing deep unhappiness. Woolworths admitted on Thursday that it had overpaid by nearly 33% when it bought David Jones for A$2.1-billion (about R21.4-billion) four years ago. It announced a R7-billion impairment due to "the cyclical downturn and structural changes" affecting Australia's retail sector. So far this year, Woolworths' share price has fallen 6.48%. It closed at R67.10 on Friday, 40% off its November 2015 peak. "I'm sure Simon at some stage is going to get a bit impatient," said one industry insider, who did not want to be named. "It must have been [Moir] that motivated the whole transaction, convincing the board and [Susman] that this is a great buy." Moir, who replaced Susman as CEO in 2010, ended the retailer's Nigerian expansion three years later and focused on building its Australian presence instea...

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