Roger Corbett

AAA

DEFINITION of 'Roger Corbett'

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 EXPLAINS 'Roger Corbett'

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 TERMS
  1. Chairman

    An executive elected by a company's board of directors that is ...
  2. Corporate Headquarters

    A place where a company's executive offices and executives' direct ...
  3. Inside Director

    A board member who is an employee, officer or stakeholder in ...
  4. Insider

    A director or senior officer of a company, as well as any person ...
  5. Insider Information

    A non-public fact regarding the plans or condition of a publicly ...
  6. Board Of Directors - B Of D

    A group of individuals that are elected as, or elected to act ...
Related Articles
  1. Evaluating The Board Of Directors
    Insurance

    Evaluating The Board Of Directors

  2. 5 Ways To Control Emotional Spending
    Budgeting

    5 Ways To Control Emotional Spending

  3. The Basics Of Corporate Structure
    Investing Basics

    The Basics Of Corporate Structure

  4. Evaluating A Company's Management
    Active Trading Fundamentals

    Evaluating A Company's Management

comments powered by Disqus
Hot Definitions
  1. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  2. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  3. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  4. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  5. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  6. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
Trading Center