New deputy CEO to implement global best practice at PnP
Richard van Rensburg, who joined the Pick n Pay board as an independent non-executive director last year, has been appointed as deputy chief executive officer on a three-year contract. He will head up the group's dedicated transformation programme team, which includes the company's information systems and supply chain divisions, as part of several structural changes designed to accelerate its drive to implement global best practice procedures across the business.
The company's strategy on buying and administration will also be implemented from the transformation programme office, which is tasked with accelerating its implementation strategy.
"We have already started to experience the fruits of our transformation process but we have to continue to manage the cost burden on our business effectively. The past few years has seen us address some of our most pressing short-term challenges whilst simultaneously continuing our transformation. Van Rensburg's appointment comes at an important time as he will help us accelerate the implementation of our change programme," said Pick n Pay chief executive, Nick Badminton.
Van Rensburg will report directly to Badminton. Van Rensburg previously served as a partner with audit firm Ernst and Young and has served on the boards of Massmart, Woolworths and Wooltru before founding a successful information technology services company, Affinity Logic. He retired in 2003, spending nearly three years in retirement with his family before starting a private investment company in 2005.
