Pick n Pay chairman Gareth Ackerman said the company was "extremely fortunate" to have secured Brasher (51)‚ who has had a 25-year career during which time Tesco has expanded both domestically and internationally and become a benchmark on many aspects of retailing.
The news sent the group's share price to its highest level in more than eight months.
At 9.35am‚ the share price was up 3.93% to 46.07‚ outperforming the JSE all-share index which was down 0.24%.
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