A former CEO and managing director of Woolworths, a major Australian retailer. Corbett became managing director of Woolworths in 1997 and CEO in 1999. He helped the company increase its revenue and net income. Woolworths became the No.1 food retailer in the region, and was able to face down numerous threats to its market share from major competitor Coles Myer.
Investopedia Says:
Corbett spent his entire career in retail. He began working for Grace Brothers in 1963, went to David Jones in 1984 as director of operations and then moved to Woolworths' discount division, Big W, in 1990 as managing director.
Corbett was born in 1942 in Sydney, Australia, and holds an MBA from Stanford University. He retired from Woolworths in 2006. In that same year, he became a board member of Wal-Mart, a company whose strategies he employed while successfully leading Woolworths. Corbett has described Wal-Mart as “a company that sets the standard for retail excellence in the world.”
Related Links:
Retail grocers are no longer a homogeneous group selling products in the same manner. Find out how to evaluate these companies. Evaluating Grocery Store Stocks
CEOs, CFOs, presidents and vice presidents: learn how to tell the difference.
The Basics Of Corporate Structure
Follow these five simple steps to keep your spending under control. 5 Ways To Control Emotional Spending
Financial statements don't tell you everything about a company's health. Investigate the management behind the numbers!
Evaluating A Company's Management
If used properly, this ratio can give you insight into a company's productivity and financial health. Doing More With Less: The Sales-Per-Employee Ratio
Learn about how the way a company keeps its management in check can affect the bottom line. Governance Pays
Corporate structure can tell you a lot about a company's potential. Learn more here. Evaluating The Board Of Directors
Roger Campbell Corbett AO (born 1942) is an Australian businessman. From January 1999 to September 2006, Corbett served as CEO of Woolworths Limited, a large retailing conglomerate. He is now a director of Wal-Mart, the Reserve Bank of Australia and Fairfax Media.[1] He became chairman of Fairfax at the company's 2009 Annual General Meeting.[2] Corbett was appointed a Member of the Order of Australia (AM) in the 2003 Queen's Birthday Honours, for service to the retail industry, particularly as a contributor to the development of industry policy and standards, and to the community.[3] In 2008, he was promoted to an Officer of the Order of Australia (AO) for service to business, particularly through leadership and executive roles in the retail sector and a range of allied organisations, and to the community.[4]
| This Australian business biography is a stub. You can help Wikipedia by expanding it. |
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)