Long-serving Truworths CEO set to stay put despite turbulent times
Going nowhere slowly. Truworths International CEO Michael Mark is staying put at the retail giant, despite having been at the helm of the 100-year-old company for more than a quarter of its existence - 27 years. Mark, it seems, is sleeping easy at night with the full knowledge that the Truworths International board is not keen to rock the boat by experimenting with a fresh pair of hands at the helm. Given the harsh trading environment of the past two years in the South African retail industry, an experienced fashion hand like Mark provides comfort to the board that he is the man to steer the company out of these turbulent times. The 64-year-old Mark also has a track record that speaks for itself. He has transformed Truworths from the specialised boutique store it was in the early 1980s into a retail giant with global reach. It has a presence in Namibia, Botswana, Zambia and Ghana. It also has offices in the UK, Ireland and Germany. "Essentially when the board decides that it's time ...
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