Clicks's share price fell the most in two years on Friday, following the surprise announcement that its CEO, David Kneale, would leave the retailer after being at the helm for 12 years. The share price fell 5.79% after the group announced Kneale would step down on January 1. He will be succeeded by Vikesh Ramsunder, the group's COO. Ramsunder has been with Clicks for 25 years, holding roles across multiple disciplines and business units, including as MD of Clicks's wholesale distribution brand UPD. Peter Takaendesa, a portfolio manager at Mergence Investment Managers, said under Kneale's leadership Clicks had been exceptional. "They have executed well, not only from a year-to-year point of view but from a strategy point of view [such as] which areas to expose themselves to and the size of their stores," he said. Commenting on the drop in the share price, Takaendesa said: "With Kneale's level of experience and a market that likes him, it is to be expected that whenever such announcem...

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