This post was written by Tim on September 23, 2008
Reported this morning:
Woolworths CEO, Michael Luscombe, at a Retail Traders Association of Western Australia breakfast in Perth this morning gave his take on the Australian consumer. The Age reports he said;
“The sense of looking for value has heightened in the past nine months,”
Surprise, surprise we all say within the industry. With ALDI popping up all over the East Coast and Private Labels pushing 2nd, 3rd and 4th brands of the shelf, manufacturers have been well aware of this thanks Michael. Mr Luscombe also indicated that GM foods would not be introduced into the HOME or SELECT brands unless convincing and thorough scientific evidence emerged that these foods were safe.
Patties, (PFL:ASX Listed) Australia’s biggest pie maker has annouced the resignation of their CEO and the appoinment of a new one this morning. Dr Michele Allen resigned as a director only last month to concentrate on her role as CEO and this morning her resignation as CEO has been announced. She has decided to pursue other interests, whatever that means these days.
They have appointed Greg Bourke as CEO, effective immediatly I presume. Another long line of CFO to CEO appointments, with Mr Bourke’s background being Finance Manager – George Weston Foods Milling and most recently CFO – Don/KRC. All the best Greg.
Tim
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