South Africa's Pick n Pay CEO to resign

8 February 2012, 1:53 am

JOHANNESBURG, FEB 8 - South Africa's Pick n Pay said on Wednesday its chief executive would step down at the end of this month, leaving the nation's No.2 grocer as it faces increased competition from Wal-Mart. Nick Badminton, who has been the CEO of the Cape Town-based company for five years, said he was stepping down to spend time with his family. "I think that it's a good time for me to take a ...... Read More »

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