Pieter Boone Steps Down As Pick n Pay CEO
Pieter Boone Steps Down As Pick n Pay CEO. South African retail group Pick n Pay has announced that its CEO Pieter Boone is set to step down, Boone is set to be replaced by Sean Summers. The company took to LinkedIn to make the announcement.
The post read, “Pick n Pay announced today that Pieter Boone is stepping down as Group CEO and will be replaced by Sean Summers. Sean worked previously for the Group between 1974 and 2007, rising to become Managing Director in 1996, followed by a highly successful tenure as CEO between 1999 and 2006. During his tenure, Pick n Pay was the clear grocery market leader in South Africa. The late Raymond Ackerman described Sean as ”an excellent leader, who achieved remarkable things at Pick n Pay”. His goal is to turn around the performance of the Group’s Pick n Pay Retail core engine while ensuring the continued success of the Group’s growth strategies.”
Pick n Pay is a retail business in the fast-moving consumer goods industry on the African continent that believes doing good is good business. Pick n Pay operates through multiple store formats under three brands – Pick n Pay, Boxer and TM. The company procures quality products at the best available prices. By operating a lean and efficient business, supported by a strong and talented team, it is able to provide its customers with a tailored range of high-quality food, grocery and general merchandise products at competitive prices. Through ongoing investment in the customer offer, the company is able to drive sales and grow value for all its stakeholders.
Chairman Gareth Ackerman commented: “I want to thank Pieter for his dedication to Pick n Pay over the past two-and-a-half years. He became our CEO while the Covid pandemic was still raging, and has led the business through some extraordinary challenges, including the transition out of the Covid lockdown, the unprecedented civil unrest in 2021, and the current loadshedding crisis.Despite this, he devised and led the launch of our Ekuseni strategic plan, overseeing the very pleasing acceleration of our Boxer, Clothing and Omnichannel growth engines, and launching our new QualiSave brand. Unfortunately, in a very difficult environment, the performance of our core Pick n Pay business has been very challenging over the past months, and has not met expectations. Pieter accepts that the Board has decided on a change in leadership. He leaves us with our heartfelt thanks and best wishes for the future.”
Consumer champion Raymond Ackerman purchased the first four Pick n Pay stores in Cape Town, South Africa in 1967. Since then the Group’s vision has grown and expanded to encompass stores in South Africa, Namibia, Botswana, Zambia, Swaziland and Lesotho. In addition, Pick n Pay owns a 49% share of Zimbabwean supermarket chain, TM Supermarkets.
