Woolworths Names Former Marks & Spencer CEO As Director

South African retailer Woolworths Holdings Ltd. (WHL.JO) said Thursday it has appointed former Marks & Spencer Group PLC (MKS.LN) Chief Executive Stuart Rose as a non-executive director.

Rose, who stepped down as chairman of the U.K. retailer Jan. 4 and as CEO in July last year, assumed the new post with effect from Wednesday.

"Sir Stuart brings strong international retail experience to the board. He has held a number of senior leadership roles in retail," Woolworths said in a statement that also forecast a between 17% and 20% increase in earnings per share for the 26 weeks to Dec. 26.

The clothing and food company said its sales for the period rose 9.8% on the year, while comparable store sales grew 5.9%.

Woolworths is due to release its results for the period Feb. 17. The company's shares ended the day 3% lower at 24.10 rand, outpacing a decline in the wider Johannesburg market.

-By Robb M. Stewart, Dow Jones Newswires; +27 11 783 7848; robb.stewart@dowjones.com

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