Retiring Shoprite CEO Whitey Basson: ‘I am tired’
After 37 years as CEO of Shoprite [JSE:SHP], Whitey Basson is ready to hang up his retailer boots and allow his successor to rise to the challenge. Basson, who turns 71 in January, will step down at the end of December and be succeeded by Pieter Engelbrecht, the company’s 47-year-old chief operations officer, Shoprite said in a statement on Monday. Engelbrecht, who has been with the company for more than […]
