Sharenet Sites 
Sharenet Sites
Leadership changes
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000152617
("Massmart" or "the Company" or “Massmart Group”)
LEADERSHIP CHANGES
CHAIRMAN OF MASSMART
Shareholders are advised that pursuant to his desire to devote himself fully to his new role
as CEO of Imperial Holdings Limited, Mr Mark Lamberti has resigned as Chairman and a
director of the Company, effective 10 April 2014.
In 1988 Mark was appointed Managing Director of the ailing six store Makro chain. Following
its successful turnaround, he founded Massmart in 1990 to pursue an aggressive multi-
format growth strategy, which resulted in a R34b sales, 238 store presence in 14 sub-
Saharan countries by 2007 when he stood down as CEO. He has been non-executive
Chairman since that time.
The board of directors (“the Board”) and management of Massmart extend their sincere
thanks and appreciation to Mark for his exceptional leadership of Massmart in both roles and
wish him great success in the next phase of his career.
The Board is pleased to advise that Mr Kuseni Dlamini (46) BA (Hons) cum laude (UKZN),
MPhil (Oxford) has been appointed to the Board effective 10 April 2014 and will assume the
role of independent non-executive Chairman of Massmart. He will also chair the Nomination
Committee and join the Remuneration Committee.
Kuseni is already familiar with Massmart having been a non-executive director of Massmart
for four years until 2011. He was previously Executive Chairman of The Richards Bay Coal
Terminal, CEO of Anglo-American South Africa and CEO of Old Mutual South Africa &
Emerging Markets. He presently heads his own investment firm KDI Holdings, is non-
executive Chairman of Times Media Group Limited and a non-executive director of Aspen
Pharmacare Holdings Limited.
CEO OF MASSMART
Shareholders are advised that Mr Grant Pattison has tendered his resignation as CEO with
effect from 1 June 2014.
Grant joined Massmart in 1998. He was appointed to the Executive Committee in 2000, to
the Board in 2004 and succeeded Mark Lamberti as CEO in July 2007. Under Grant’s
leadership Massmart grew its private label offering, invested in upgrading Massmart’s supply
chain infrastructure, entered into Food Retail through Cambridge Food, Game, Makro and
Saverite, expanded aggressively across the African continent, initiated new format
innovations including DionWired, Builders Superstore and Valumart whilst also establishing
e-commerce solutions at DionWired, Shield and Makro. Most significantly Grant led the 2011
sale of a 53% equity stake in Massmart to Wal-Mart Stores, Inc. whilst also overseeing the
resultant integration of the two businesses.
Grant will remain on the Board as a non-executive director from 1 June until 31 December
2014 when he has indicated he will resign as a director.
The Board and management of Massmart are very appreciative of Grant's achievements at
Massmart and wish him well in the next phase of his life and career.
The Massmart Board is delighted to announce the appointment of Mr Guy Hayward (48)
B.Com CTA (UCT) CA (SA), to the position of Massmart CEO with effect from 1 June 2014.
Guy graduated from the University of Cape Town in 1986, served articles with Deloitte,
Haskins & Sells and qualified as a Chartered Accountant (SA) in 1989. He has held financial
roles at Malbak, CNA Gallo and Goldman Sachs in London.
Guy joined Massmart in 2000, was appointed Chief Financial Officer in 2001 and Chief
Operating Officer in 2012 with responsibility for Massmart’s four operating divisions.
Sunninghill
11 April 2014
Sponsor: Deutsche Securities (SA) Proprietary Limited
Date: 11/04/2014 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
