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PWK/PIK - Pick n Pay - International Retail Expert Helmut Hoerz to join Pick N

Release Date: 17/01/2012 10:17
Code(s): PWK PIK
Wrap Text

PWK/PIK - Pick n Pay - International Retail Expert Helmut Hoerz to join Pick N Pay as Head of Merchandising Pick n Pay Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 1981/009610/06) Share code: PWK ISIN code: ZAE000005724 Pick n Pay Stores Limited (Incorporated in the Republic of South Africa) (Registration number: 1968/008034/06) Share code: PIK ISIN code: ZAE000005443 (collectively referred to as "Pick n Pay") INTERNATIONAL RETAIL EXPERT HELMUT HOERZ TO JOIN PICK N PAY AS HEAD OF MERCHANDISING Peter Arnold appointed head of Food Merchandise Pick n Pay announced today that international retail professional Helmut Hoerz would join the company for a two-year assignment as Head of Merchandising. He will sit on the Group Exco and report to CEO Nick Badminton. Hoerz, who takes up his new position on 19 January, will bring his international expertise into play in focusing largely on general merchandise while guiding Peter Arnold, who has been appointed Food Merchandise Director, and who will be reporting to Hoerz. Arnold, a 27-year veteran with a wealth of retail experience in South Africa, played an integral part in the opening of Pick n Pay`s new generation, cutting-edge flagship store, Pick n Pay on Nicol. Arnold will also sit on the Group Exco. Hoerz has more than 25 years` experience in managing sales, marketing, category management, operations, merchandising and expansion in all retail formats including wholesale distribution in organizations with considerable size and scope. CEO Nick Badminton said that the company was delighted to have him on board, particularly given the company`s focus on category management, a key component of its transformation programme. "Helmut is a results-focused and effective leader with proven abilities and strong qualifications in general management, business planning, strategy, analysis, brand-building, brand-implementations and store operations. He is very well regarded in the European food industry and will bring much in international expertise to the company. He has a great track record of building, training and retaining highly self-motivated teams and is known to be a charismatic leader with excellent communication skills. "Not only does Helmut have very strong corporate retail experience, but he has also been a successful entrepreneur. His last position was Chief Sales Officer at Ifco Systems in the Netherlands and prior to that, as COO for Edeka AG in Germany, conducting worldwide sourcing for this Euro38-billion, 250,000-employee company. His procurement experience at Edeka in particular will be of incredible value to Pick n Pay." Prior to Edeka, Hoerz was CEO of Extra GmbH, a company with a Euro3-billion turnover and 22,000 employees, where he successfully merged eight supermarket companies owned by Metro (the holding company) into one successful chain and halted declining sales, centralising administrative functions and standardising IT systems. "Helmut will be an exceptional asset to the team and we look forward to his joining us." For further information, please contact Tamra Veley on 083 251 3658. By order of the boards Cape Town 17 January 2012 Sponsor: Investec Bank Limited Date: 17/01/2012 10:17:01 Supplied by www.sharenet.co.za 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.

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