Showing posts with label Mark Powell. Show all posts
Showing posts with label Mark Powell. Show all posts

Tuesday, November 29, 2011

The Warehouse Group CEO Mark Powell on new turnaround strategy

In a snippet of an interview with the new The Warehouse Group Ltd [WHS.NZX] Mark Powell about the new strategy for a turnaround in the company, which is due out latter this week, I asked Mark how long he thought his new strategy would take to have positive results on the bottomline and when shareholders would see the beginning of positive results:

Share Investor - When do expect to see the first evidence that your turnaround plans are working?

Marl Powell - In each of the strategic result areas outlined above results will vary in how soon they can be expected. Some changes such as in the marketing and store execution have already shown a great deal of improvement, other changes such as category developments and store refits have longer lead times, hence my references to improvement “over the long run”. Hence, as indicated in the strategy presentations given, we expect a decline in underlying NPAT in 2012 and aim to grow NPAT over the long run after that.

So full year 2013 is when shareholders can expect to see more profit and therefore money in their pockets. This is of course excluding any macro issues hitting the fan like the economic collapse of Europe or another shake at the head of capitalism the United States.

Keep your eyes peeled on Share Investor Blog for the full Q & A exclusive to this site only.

(read Q & A with previous WHS CEO Ian Morrice here)

Disc: I own WHS shares in the Share Investor Portfolio

Share Investor Q & A Series

Auckland Airport's Simon Moutter
Warehouse Group CEO Ian Morrice
Briscoe Group CEO Rod Duke
Ryman Healthcare's CFO Gordon Macleod
Ecoya's Geoff Ross
Xero's Rod Drury
Mainfreight MD Don Braid
Burger Fuel Director Josef Roberts
Sky City CEO, Nigel Morrison
Sky City Entertainment: CEO Nigel Morrison discusses 2010 HY
Convention Centre proposal interview with Sky City CEO Nigel Morrison

Warehouse Group Ltd: 2010 Full Year Profit Analysis
Share Investor Q & A: Questions to The Warehouse' Ian Morrice
Long Term View: The Warehouse Group Ltd
Share Investor Short: Warehouse Group yield worth a look
The Warehouse Group: 2010 Interim Profit Review
The Warehouse: Big Brands, Big Opportunities
Warehouse strike opportunity to buy
Long Term Play: The Warehouse Group
Share Investor Short: Warehouse Group yield worth a second look
Woolworths supermarket consolidation an indicator of a move on the Warehouse?
Stock of the Week: The Warehouse Group
Warehouse 2009 interim profit a key economic indicator
When will The Warehouse bidders make their move?
Long vs Short: The Warehouse Group
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

Discuss WHS @ Share Investor Forum - Register free
Download WHS company reports

Shop online at The Warehouse


NEW - From Fishpond.co.nz | Think Bigger, By Michael Hill


c Share Investor 2011



Posted by Share Investor at 9:44 PM 0 comments

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Share Investor Q & A: Reader questions to Warehouse Group CEO Mark Powell (UPDATE)

The interview with Warehouse CEO Mark Powell is coming this week.

Apologies. Reader questions to Mark are now closed.

I have some questions, as I am sure The Warehouse Group Ltd [WHS.NZX] shareholders might also have, about the flagging last week by management at the 2011 full year profit result of a "turnaround strategy" for the company and its failing red sheds performance so I thought it was time for another CEO Q & A this time with new WHS CEO Mark Powell. (read Q & A with previous WHS CEO Ian Morrice here)

Lets get down to brass tacks and ask him what practically he is going to do to turn the company around. Here is your opportunity to ask him some questions about exactly what he is going to do.

To submit a question either email me here or leave your question at the bottom of this post.
Link
Disc: I own WHS shares in the Share Investor Portfolio

Share Investor Q & A Series

Auckland Airport's Simon Moutter
Warehouse Group CEO Ian Morrice
Briscoe Group CEO Rod Duke
Ryman Healthcare's CFO Gordon Macleod
Ecoya's Geoff Ross
Xero's Rod Drury
Mainfreight MD Don Braid
Burger Fuel Director Josef Roberts
Sky City CEO, Nigel Morrison
Sky City Entertainment: CEO Nigel Morrison discusses 2010 HY
Convention Centre proposal interview with Sky City CEO Nigel Morrison

Warehouse Group Ltd: 2010 Full Year Profit Analysis
Share Investor Q & A: Questions to The Warehouse' Ian Morrice
Long Term View: The Warehouse Group Ltd
Share Investor Short: Warehouse Group yield worth a look
The Warehouse Group: 2010 Interim Profit Review
The Warehouse: Big Brands, Big Opportunities
Warehouse strike opportunity to buy
Long Term Play: The Warehouse Group
Share Investor Short: Warehouse Group yield worth a second look
Woolworths supermarket consolidation an indicator of a move on the Warehouse?
Stock of the Week: The Warehouse Group
Warehouse 2009 interim profit a key economic indicator
When will The Warehouse bidders make their move?
Long vs Short: The Warehouse Group
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

Discuss WHS @ Share Investor Forum - Register free
Download WHS company reports

Shop online at The Warehouse


NEW - From Fishpond.co.nz | Think Bigger, By Michael Hill

c Share Investor 2011


Posted by Share Investor at 8:47 AM 6 comments

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Wednesday, February 9, 2011

The Warehouse Group: Tips for the new CEO

With news out yesterday that Mark Powell is to replace Ian Morrice as CEO of The Warehouse Group Ltd [WHS.NZX]it is worth taking a closer look at Mark and what his experience might bring to a company that is currently experiencing falling sales, loss of market share and stagnant profits.

It is clear that he has a long history of experience in retail over a wide variety of geographical locations but his early years at The Warehouse have had patchy results.

Recent history though has seen him turn the company's stationery chain around and this kind of experience will be crucial in changing the direction and fortunes of the big red sheds.

Shareholders should make up their own minds as to whether Mr Powell is the right man for the job and we will find that out within a year or two based on some of his key decisions.

He needs to focus on service first before anything else, then concentrate on the poor morale of staff and the direction the company is going in.

A focus on just who the Warehouse customer now is, what they want to buy, at what price and a clear strategic direction of where the company is going and how it is going to get there.

Mr Morrice appeared to be planning things on the hoof as evidenced in the mish mash of directions, muddiness of the retail offerings and lack of a clear or sophisticated enough marketing plan.

The cartoon kiwi just doesn't cut it anymore. Ditch the quaint "kiwi owned" spiel and just give the consumer good branded goods at the best prices with excellent service.

Oh and Mr Powell, watch out for your boss Mr Tindall.

Mark Powell's Bio

Mark Powell is 49, married with two daughters and originally from South Wales in the United Kingdom. He migrated permanently to New Zealand when he joined The Warehouse Group in November 2002.

Mark’s original training and management experience was in the underground coal mining industry. He changed direction in 1986, joining Iceland plc, a UK food retailer with more than 600 stores. He has since held a number of management roles in the UK, Canada and Spain, including responsibility for Wal-Mart Canada’s logistics operations, supply chain and home Linkshopping management for Iceland plc and the logistics operations of Tesco.

Mark has been involved with The Warehouse since 2002 in various full-time, part-time and advisory capacities, including as Interim CEO of the Australian operations, Group General Manager Supply Chain and Merchandise Planning, and most recently CEO of Warehouse Stationery.

In the past year the Warehouse Stationery team has achieved a significant turnaround, executed a continuing growth strategy and received the prestigious JRA Award as New Zealand’s best large company to work for, as judged by employees.

Mark has Bachelor degrees in Mining Engineering and Theology, and Masters degrees in Logistics (from Cranfield) and Business (an MBA with distinction, from Cardiff). He has also attended strategic leadership courses at Harvard and INSEAD.

BRIEF CURRICULUM VITAE

MARK DAVID POWELL

D.O.B. : December 1961
STATUS : Married with two daughters

An initial career in mining operations, then senior management positions in:
- Logistics Services (Tibbett & Britten Group, Booker Food Services and PwC Consulting)
- Retail (Iceland plc, Tesco, Wal-Mart Canada and The Warehouse Group)

CAREER DEVELOPMENT

Nov 2007 - Present The Warehouse Group
GM Supply Chain & Merchandise Planning and CEO Warehouse Stationery

May 2005 – Nov 2007 Advisor to The Warehouse Group / Independent Consultant

Nov 2002 – May 2005 The Warehouse Group : General Merchandise Retail Group
GM Supply Chain and Interim CEO The Warehouse Australia

Nov 2001 - Oct 2002 PricewaterhouseCoopers : Consulting
Director – UK supply chain practice

April 2000 – Oct 2001 Tesco Plc : Retail Stores
Board Director – Director – Logistics/Distribution

Sept 1997 – Mar 2000 Iceland Plc : Food Retail & Home Shopping
Supply Chain Director and Internet Home Shopping Director

March 1994 – Sept 97 Tibbett & Britten Group Plc : Logistics Services
Managing Director, T&B Iberia (based in Madrid - Spain) 1996-1997
President SCM Inc, Toronto Canada (Wal-Mart) 1994-1996

June 1992 – March 94 Booker Plc : Food Service Wholesale Supply
Divisional General Manager Booker Foodlink (Burger King, KFC, Pizza Hut, Wendy's, Whitbread)

March 1989 – June 92 Tibbett & Britten Group Plc : Logistics Services Outsourcing
DC Operations Manager, J.Sainsbury DC Shift Manager, Asda

Aug 1986 – March 89 Bejam/Iceland Plc : Food Retail
Retail store deputy manager
Various transport, warehouse and stock control supervisory positions in DC’s
Replenishment buying at Bejam Head Office

July 1980 – Aug 86 National Coal Board : Coal Mining Operations
Graduate programme
Various underground supervisory management positions

DEGREES

Carey Baptist College, Auckland 2005-2007 : Bachelor of Applied Theology

Cardiff Business School 1998-2001 (part-time) : MBA (Distinction), Thesis on the management of change in retail

Cranfield School of Management 1990 – 91 : MSc in Logistics (Distribution Technology and Management) – Winner of Coopers & Lybrand Course Prize

Polytechnic of Wales 1984 – 85 (part – time) : Mine Managers First Class Certificate of Competency

University of Wales 1980 – 83 : BSc (Hons) Mining Engineering class 2.1


Disclosure: I own WHS shares in the Share Investor Portfolio


Warehouse Group Ltd: 2010 Full Year Profit Analysis
Share Investor Q & A: Questions to The Warehouse' Ian Morrice
Long Term View: The Warehouse Group Ltd
Share Investor Short: Warehouse Group yield worth a look
The Warehouse Group: 2010 Interim Profit Review
The Warehouse: Big Brands, Big Opportunities
Warehouse strike opportunity to buy
Long Term Play: The Warehouse Group
Share Investor Short: Warehouse Group yield worth a second look
Woolworths supermarket consolidation an indicator of a move on the Warehouse?
Stock of the Week: The Warehouse Group
Warehouse 2009 interim profit a key economic indicator
When will The Warehouse bidders make their move?
Long vs Short: The Warehouse Group
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

Discuss WHS @ Share Investor Forum - Register free
Download WHS company reports

Shop online at The Warehouse

Think Bigger
NEW - From Fishpond.co.nz | Think Bigger, By Michael Hill

c Share Investor 2011

Posted by Share Investor at 5:37 AM 2 comments

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