Woolworths announced on Friday that is intends to combine its Australian subsidiaries Country Road Group and David Jones into one group, WHL Australasia, which will be headquartered in a single campus based in Richmond, Melbourne.
Ian Moir (pictured), Woolworths CEO, said in a statement:
"The creation of a single regional structure is the logical next step for our business. It enables the benefits and synergies of the Australian acquisitions to be fully realised and allows the creation of a single team and culture focused on our Australian customers and driving improved shareholder returns for the WHL Group."
Woolworths has also promoted John Dixon - who was appointed David Jones CEO in 2015 - to WHL Australasia CEO from September, while Sacha Laing, COO of Country Road Group, will be leaving the business with immediate effect, as part of the restructure.
