New incoming CEO of Woolworths Holdings, Sam Ngumeni , has been awarded nearly 1 million shares in the company under aspecial once-off outperformancestructure.
The 995 715 shares, acquired by the groups share trust for R51 million, will be held in escrow for five years, after which they will vest.
Ngumeni has been with the group for more three decades and will officially take over as group CEO on 1 June 2026 when Roy Bagattini retires.
