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Woolworths Group has made a number of changes to its management structure and appointed the former group finance director of Punch Taverns as its new group chief financial officer.
Robert McDonald will join the company on 3rd November. He will replace Stephen East, who the company said will "remain with the company for a period to ensure a smooth and efficient handover". He is joined by Simon Singleton from Focus, who will be the business' retail director.
Director of property Colin Carter, director of business development James Collins and director of corporate finance David Roberts are also leaving although Woolworths refused to comment on whether they had resigned or were made redundant. The retailer said the changes were part of its plan to simplify the business and create clear accountability lines and responsibilities.
Steve Johnson, c.e.o. of Woolworths said: "[McDonald] has great experience in finance, strategy and operational business development and is an experienced FTSE 100 CFO. His experience will be invaluable in driving through the operational changes within Woolworths and in helping the group
move to the next stage of its development."
East said: "I have enjoyed my time at Woolworths. I will be staying on to ensure a smooth handover before pursuing various non-executive opportunities. I wish everyone at Woolworths much success for the future."