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Woolworths says chief executive to leave as sales fall
Jun 18 2008 by Tony McDonough, icNorthWest
Retailer Woolworths is today revealing the departure of its chief executive and says high street sales fell 2.2% in the first 19 weeks of its financial year.
The group says it has agreed with Trevor Bish Jones that it is the right time to look for new leadership. He will leave in three months’ time after making a “significant contribution” during six years in charge, the chain says.
In a trading update, the company describes the 2.2% fall in like-for-like sales at its retail arm as broadly in line with internal expectations.
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