Succession plan crucial part of Pick n Pay’s revival

The Pick n Pay final year results presentation last week was riveting and I left with the undeniable impression that CEO Sean Summers will eventually turn this ailing business around.

Two notable firsts arose in these results. This was the first time in the group’s 57-year history that it made a loss and this year will mark the first time that the Ackerman family will relinquish effective control of the group…

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