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Woolworths appoints chief financial officer

Woolworths has appointed Robert McDonald as group chief financial officer, replacing Stephen East.

McDonald joins Woolworths from Punch Taverns where he was group finance director on November 3.

Woolworths chief executive Steve Johnson said: "Robert's appointment is very important for the group, and I am delighted to welcome him to the team. He has great experience in finance, strategy and operational business development and is an experienced FTSE 100 CFO. His experience will be invaluable in driving through the operational changes within Woolworths and in helping the group move to the next stage of its development. I would like to thank Stephen [East] for his significant contribution to the group over the last three and a half years and wish him well for the future."

Robert McDonald said: "I am excited to be joining Woolworths. I share Steve's belief that there is space on the high street for a successful home-based variety store and I look forward to joining the team leading the turnaround of this iconic retail business."

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