CFO Profile: Reeza Isaacs | Woolworths Holdings

Reeza Isaacs | Woolworths Holdings | Chief Financial Officer

Reeza Isaacs - current CFO of Woolworths - joined Woolworths in June 2013 and was already appointed as Financial Director in November of that same year. Isaacs has gained a lot of experience during his work in various work fields, including manufacturing, retail, oil, asset management and insurance.

"At Woolworths, Finance plays a governance role. This means that I somethimes have to say no." Says Isaac about his influecial role within the company. Isaacs personally oversaw the increase of a fund for emerging black business. Isaacs believes that the diciplined processes of Woolworths enable it's agility. "Discipline helps agility, even if it sounds like a contradiction." For his role as the CFO of Woolworths, Isaacs was nominated for the CFO Awards in 2015 as well as 2016.

More about Reeza Isaacs:
Reeza Isaacs, Finance Director Woolworths: enjoying the fast paced retail race
Editorial: outgoing ArcelorMittal CFO's SA optimism, boost for Wool...
CFOs of Woolworths, Denel and UIF among nominees for CFO Awards 2015

CFO since: November 2013

Other current positions:
Woolworths Financial Services, Woolworths and Woolworths Holdings (Mauritius) Limited.

Career:

  • November 2013-Present: Deputy CFO/Finance Director Woolworths Holdings Ltd
  • June 2013-November 2013: Deputy CFO/Finance Director Elect Woolworths Holdings Ltd
  • May 2011 -May 2013: Regional Senior Partner - Ernst & Young
  • February 1999 - May 2013: Partner - Ernst & Young

Education:

  • University of Cape Town - Bachelor of Commerce (B.Com.), Accounting.

Woolworths Holdings Limited
Employees: 28368
Listed: JSE
Sector: Consumer Staples
Industry: Retail


Activities
Woolworths Holdings Ltd. operates as an investment holding company. Its core business focus is the provision of retail and financial services to upper and middle income groups mainly in South Africa; and also in Africa, Australia and New Zealand. The company currently consists of three operating subsidiaries: Woolworths Proprietary Ltd., Country Road Ltd. and David Jones Ltd., which was acquired on August 1, 2014. Woolworths Proprietary operates a chain of retail stores, including franchise stores, and offers a selected range of clothing, food, homeware, beauty and financial services under its own brand name in South Africa, Africa and the Middle East. Country Road offers apparel and homeware in its own retail stores and through concessions in major Australian department stores. David Jones operates retail Internet departmental stores and also provides financial services. It operates through the following segments: Woolworths Clothing & General Merchandise; Woolworths Food; Country Road; Woolworths Financial Services; and Woolworths Treasury. The Woolworths Clothing & General Merchandise segment includes clothing, home ware, beauty and other lifestyle products. The Woolworths Food segment focuses on offering customers food products. The Country Road segment operates the retail chain of stores and concession retail outlets offering a range of clothing and home ware under its own brand. The Woolworths Financial Services segment provides financial product and services to customers, including a credit offering to assist them to purchase merchandise in its Woolworths stores. The Woolworths Treasury segment engages in cash management activities. Woolworths Holdings was founded in 1929 and is headquartered in Cape Town, South Africa.

Financial Results (Rm):

2011

2012

2013

2014

Total Revenue

Total Revenue

Total Revenue

Total Revenue

25582

28604

35227

39707

2011

2012

2013

2104

Net Income

Net Income

Net Income

Net Income

1631

2048

2597

2888

Reeza Isaacs | Woolworths Holdings | Chief Financial Officer

Reeza Isaacs - current CFO of Woolworths - joined Woolworths in June 2013 and was already appointed as Financial Director in November of that same year. Isaacs has gained a lot of experience during his work in various work fields, including manufacturing, retail, oil, asset management and insurance.

"At Woolworths, Finance plays a governance role. This means that I somethimes have to say no." Says Isaac about his influecial role within the company. Isaacs personally oversaw the increase of a fund for emerging black business. Isaacs believes that the diciplined processes of Woolworths enable it's agility. "Discipline helps agility, even if it sounds like a contradiction." For his role as the CFO of Woolworths, Isaacs was nominated for the CFO Awards in 2015 as well as 2016.

More about Reeza Isaacs:
Reeza Isaacs, Finance Director Woolworths: enjoying the fast paced retail race
Editorial: outgoing ArcelorMittal CFO's SA optimism, boost for Wool...
CFOs of Woolworths, Denel and UIF among nominees for CFO Awards 2015

Nationality:
South African
Date of birth: November 2013

Other current positions:
Woolworths Financial Services, Woolworths and Woolworths Holdings (Mauritius) Limited.

Career:

  • November 2013-Present: Deputy CFO/Finance Director Woolworths Holdings Ltd
  • June 2013-November 2013: Deputy CFO/Finance Director Elect Woolworths Holdings Ltd
  • May 2011 -May 2013: Regional Senior Partner - Ernst & Young
  • February 1999 - May 2013: Partner - Ernst & Young

Education:

  • University of Cape Town - Bachelor of Commerce (B.Com.), Accounting.

Woolworths Holdings Limited
Employees: 28368
Listed: JSE
Sector: Consumer Staples
Industry: Retail


Activities
Woolworths Holdings Ltd. operates as an investment holding company. Its core business focus is the provision of retail and financial services to upper and middle income groups mainly in South Africa; and also in Africa, Australia and New Zealand. The company currently consists of three operating subsidiaries: Woolworths Proprietary Ltd., Country Road Ltd. and David Jones Ltd., which was acquired on August 1, 2014. Woolworths Proprietary operates a chain of retail stores, including franchise stores, and offers a selected range of clothing, food, homeware, beauty and financial services under its own brand name in South Africa, Africa and the Middle East. Country Road offers apparel and homeware in its own retail stores and through concessions in major Australian department stores. David Jones operates retail Internet departmental stores and also provides financial services. It operates through the following segments: Woolworths Clothing & General Merchandise; Woolworths Food; Country Road; Woolworths Financial Services; and Woolworths Treasury. The Woolworths Clothing & General Merchandise segment includes clothing, home ware, beauty and other lifestyle products. The Woolworths Food segment focuses on offering customers food products. The Country Road segment operates the retail chain of stores and concession retail outlets offering a range of clothing and home ware under its own brand. The Woolworths Financial Services segment provides financial product and services to customers, including a credit offering to assist them to purchase merchandise in its Woolworths stores. The Woolworths Treasury segment engages in cash management activities. Woolworths Holdings was founded in 1929 and is headquartered in Cape Town, South Africa.