The Board of Massmart announced that after almost 20 years in the business, the past five of which have been as Chief Executive Officer, Guy Hayward has informed the Board of his decision to step down from his role before the end of 2019. Massmart has an experienced executive management team, who along with Guy's successor will continue to focus on the improvement of Massmart's high-volume, low-expense business model that saves the customers money so that they can live better.