WOOLWORTHS (UK) chairman to step down in June

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WOOLWORTHS (UK) chairman to step down in June

Woolworths has announced that its chairman, Gerald Corbett, will step down from the board on June 6. The company has said that Mr Corbett will be replaced by Richard North, who has been a member of the board since October. Commenting on the decision to step down, Mr Corbett said: "My six years as chairman of Woolworths is up at the AGM and it is time to hand over the reins."