It has been five years since Richard Brasher, Pick n Pay's CEO, began to pick up the pieces of a retailer that had fallen from grace. Under Brasher's leadership, Pick n Pay's share price has gained almost 60%, one of the reasons the board had the confidence to sign a three-year contract with him, up until 2021. Until now he had not had a contract. "In the past I've never had a contract, because I've never needed one, so it's not really for me but it's to reassure people about my motives," said Brasher in an interview with Business Times this week. This comes after Pick n Pay announced the appointment of Portugal-born Pedro da Silva, who will report directly to Brasher in the new position as retail MD. Da Silva was previously president of the Dixy Group - the third-largest national retailer in Moscow, running more than 2,800 stores, with a turnover of more than €4.5-billion (about R67-billion) and 65,000 employees. Da Silva's focus will be on retail operations. Brasher said this was ...
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