Shoprite CEO to retire in December

'Whitey' Basson will be replaced by the company’s Chief Operating Officer Pieter Engelbrecht.

Shoprite CEO James Wellwood 'Whitey' Basson. Picture: Shopriteholdings.co.za

JOHANNESBURG - The chief executive of South Africa's Shoprite will retire in December after nearly four decades at Africa's biggest grocer, the company said on Monday.

Whitey Basson will be replaced by the company's Chief Operating Officer Pieter Engelbrecht, a 20-year veteran of the retailer, in January next year.