Roy Bagattini will step down as CEO of Woolworths Holdings at the finish of September, the South African retailer announced Thursday, with Sam Ngumeni, currently CEO of Woolworths Food, set to succeed him.
The leadership transition will occur after more than six years under Bagattini’s direction, according to a statement reported by News24. Ngumeni, an internal appointment, is expected to ensure continuity at the company, which operates in fashion, beauty, and food markets.
Woolworths’ announcement comes as the company navigates a competitive retail landscape in South Africa. BusinessTech reported that Ngumeni’s appointment was made public earlier today. Reuters noted the announcement was made on Thursday, March 12, 2026.
No reason was given for Bagattini’s retirement, but the company acknowledged his tenure and contributions. The succession plan, with Ngumeni taking the helm, suggests a deliberate effort to maintain stability and build on existing strategies.
The company has not yet detailed a timeline for the full handover of responsibilities, and it remains to be seen what strategic shifts, if any, Ngumeni will implement in his new role.
