Friday, November 14, 2008

CEO Spotting

While out doing a little pre-Christmas shopping at the Albany Warehouse at the crack of 8.30am this morning who should I happen to notice during a meeting of the staff on the shop floor was the cuddly little CEO of The Warehouse [WHS.NZ] , Ian Morrice.

The Warehouse is New Zealands largest general retailer and is currently subject to a possible takeover by either Woolworths Australia or the New Zealand supermarket cooperative Foodstuffs.

After purchasing my $4 hex keys-on my credit card no less- I made my way through the checkout and was about to head out the door when I decided I would regret not meeting Ian and having a word with him.

So I did.

I only mention my meeting him because I was impressed that he was so approachable and listened to some of the feedback I had about my experiences in his stores. Mostly negative on my part.

I made a couple of observations about a couple of items and he knew exactly the products I was talking about within seconds-shame his staff are not as knowledgeable-like he had an inventory of every product in his little Scottish CEO head.

Great big firm handshake too!

Asked him, "how is business Ian", "doing well", came his reply.

He looked relaxed coming up to Christmas.

A few more pleasantry's, and apology for breaking up his meeting then I was back out the door into the early summer morning Auckland sunshine, glad I met him.

Disclosure: I own WHS shares

The Warehouse @ Share Investor

Warehouse bidders ready to lay money down
The Warehouse set to cut lose "extra" impediment
The Warehouse sale could hinge on "Extra" decision
The case for The Warehouse without a buyer
Foodstuffs take their foot off the gas
Woolworths seek leave to appeal to Supreme Court
Warehouse appeal decision imminent
Warehouse decision a loser for all
Warehouse Court of appeal decision in Commerce Commission's favour
MARKETWATCH: The Warehouse
The Warehouse takeover saga continues
Why did you buy that stock? [The Warehouse]
History of Warehouse takeover players suggest a long winding road
Court of Appeal delays Warehouse bid
The Warehouse set for turbulent 2008
The Warehouse Court of Appeal case lay in "Extras" hands
WHS Court of Appeal case could be dismissed next week
Commerce Commission impacts on the Warehouse bottom line
The Warehouse in play
Outcomes of Commerce Commission decision
The fight for control begins soon

Related Links

Audited Results for the financial year ended 27 July 2008.pdf (1MB)
Warehouse Corporate profile -Discuss this company

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c Share Investor 2008