RETAILER Woolworths announced plans on Tuesday to restructure into two core divisions, one broadly focused on marketing and retail, the other on information technology and financial services. “[This will] enable it to benefit from the rationalisation opportunities in the Wooltru Group and to use the group’s exciting e-commerce initiatives for the benefit of its customers,” the company said in a statement. The company also said that Syd Muller, the executive chairman, had resigned his position and other directorships within Woolworths Holdings.
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