Replaced internally by finance expert.
Woolworths’ home improvement managing director, Matt Tyson (pictured) will leave the business at the end of February after two years in the role to return to the UK. He will be succeeded by David Walker but will remain a consultant to Woolworths.
Walker will report to Woolworths CEO, Grant O’Brien and lead the business, which includes Masters and Home Timber & Hardware, through the exit process.
Walker was most recently in the role of general manager of finance of home improvement and has worked in finance roles across Woolworths for 18 years.
In a statement to the Australian Securities Exchange (ASX), O’Brien thanked Tyson for his efforts and commitment to the home improvement business.
“Matt is held in high regard by his colleagues across home improvement and Woolworths. We are pleased we will continue to benefit from his advice as we go through the exit process. We wish him well in his future endeavours.
“David has extensive experience working in finance across Woolworths and is well placed to guide our home improvement business. He will be well supported by relevant senior management members across the business involved in the exit process.”