To reflect the growing importance of risk control and management across the Woolworths Group, a role as Chief Risk Officer has been established reporting to the Group's CEO.
BIG W Managing Director David Walker.
David Walker, currently Managing Director of BIG W, has been appointed to this role. Mr. Walker will lead the Woolworths Group's critical risk and compliance functions under the three lines of accountability. This includes the main responsibility for the risk and compliance strategy of the group, the development of the risk management framework and the monitoring of the risk throughout the group.
"There are more and more influences that are changing the way we work and the role we play in the communities in which we operate," said Brad Banducci, CEO of Woolworths Group. “This creates many exciting new opportunities for us, but it also increases the importance of good risk management. In order to best meet these requirements, we have created a new role as Chief Risk Officer in the Senior Leadership Team of the Woolworths Group.
"I'm excited to have someone of David's caliber step into this new role. For the past four years, David and his executive team have driven the successful turnaround of BIG W by building a strong, focused culture that this year will lead to Return of the company to profitability.
"David's first approach to the customer-first team, his knowledge and experience leading our various businesses and operations, and his background in finance and auditing give him the ideal skills to take on this important new role for the group. "