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Basson retired as the managing director and Chief Executive of Shoprite Holdings Ltd on 31 December 2016. Following his retirement, Basson served for nine months on the Shoprite Holdings board as non-executive vice-chairman to ensure an orderly leadership transition. [1] He was succeeded by Pieter Engelbrecht, former chief operating officer. [17]
Shoprite Holdings announced at the company's annual general meeting held on 31 October 2016 that the company's chief executive officer, Whitey Basson, had decided to retire at the end of December 2016. The board appointed Pieter Engelbrecht (born c. 1970), the former chief operating officer, as the incoming CEO as of 1 January 2017.
Wakefern supplies all of its members' ShopRite stores as well as the Price Rite and Fresh Grocer chains, and Dearborn Market. In July 2007, the cooperative announced that for the first time it was offering its wholesale services to third-party supermarket operators, in the Northeastern United States and other areas of the country.
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ShopRite is an American retailers' cooperative of supermarkets with stores in six states: Connecticut, Delaware, Maryland, New Jersey, New York and Pennsylvania.. Based in Keasbey, New Jersey, ShopRite consists of 50 individually owned and operated affiliates with over 300 stores, all under its corporate and distribution arm, Wakefern Food Corporation.
Richard "Dick" Wood Jr. is chairman of the board of directors. [21] Many Wood family members are active in the company. Although Wawa is a family-run business, Wawa associates own roughly 50% of the company, more than 40% of which is owned through the company's employee stock-ownership program. [22]
In the aftermath of the Steinhoff collapse, Wiese reduced his holdings in Shoprite by about a third; by October 2019, he held 10.7 per cent of the company, a smaller share than the Government Employees Pension Fund, though he retained control of the board through deferred shares with special voting rights. [26] The company remained highly ...
Center for Interfaith Relations Board of Directors meeting. A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law ...