Woolworths Holdings Limited has named Sam Ngumeni as its incoming Chief Executive Officer, with the leadership change scheduled to take effect on 1 June 2026.
Ngumeni will succeed Roy Bagattini, who is set to retire at the end of September after more than six years at the helm of the company. The transition follows an extensive internal selection process, with the board confirming that operations will continue smoothly during the handover.
Brandspur Brand News Desk reports that Ngumeni brings nearly 30 years of experience within Woolworths, having held key positions including Chief Operating Officer and, most recently, Head of the Food Division. His appointment underscores the company’s focus on continuity and operational stability.
The timing of the leadership change aligns with the completion of major strategic initiatives led by Bagattini, including debt reduction, capital reallocation to South African operations, and the acquisition of pet retailer Absolute Pets. Bagattini also oversaw the divestment of the underperforming David Jones business in Australia and implemented the company’s first share buyback programme, alongside adjustments to its fashion segment in South Africa and Australia.
Ngumeni, who currently manages the food division, is expected to maintain oversight of the company’s operational priorities while taking on broader executive responsibilities. Board Chair Clive Thomson highlighted Ngumeni’s extensive experience and proven ability to execute strategy as decisive factors in his appointment.
The leadership transition will take place over several months, allowing a phased handover before Bagattini formally exits in September. The board affirmed that the change positions Woolworths for continued growth and operational stability under new leadership.
