The Board of Directors of Massmart Holdings Limited announced the appointment of Mitchell Slape as Chief Executive Officer and Executive Director of the Company with effect from the 1st day of the month following the date of approval and grant of his intra-company transfer permit and visa to work in South Africa. Mitchell succeeds Guy Hayward who in May 2019 indicated his intention to resign and step down as Chief Executive Officer and Executive Director. Guy will therefore step down as Chief Executive Officer of Massmart on the Effective Date but will remain in Massmart until later in the year to ensure an orderly handover and transition.

Mitchell is a career retailer and has been with Walmart since 1995. He has extensive leadership experience across a range of retail formats and Walmart markets, including the United States, Japan, India and Mexico. Mitchell's prior roles include: Chief Operating Officer, Seiyu (Walmart Japan); Chief Operating Officer, Bharti Retail Ltd. (India); Senior Vice President, Superama Supermarkets (Walmart de Mexico); Senior Vice President, International Business Development (Walmart International) and Vice President, International Real Estate & Construction (Walmart International).