Woolworths Shares Jump 10% After CEO Ian Moir Resigns

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Shares in Woolworths jumped 10% after CEO Ian Moir Resigned. Moir has been at the helm for 9 years.

Woolworths announced that Ian Moir will leave in February. 

Moir Will be replaced by Roy Bagattini, America’s President for Levi Strauss.

Moir has came under pressure for the failed David Jones acquisition.