Woolworths CEO Ian Moir to depart in February

Roy Bagattini is set to take over the reins at Woolworths come next month, replacing Ian Moir who's been at the helm since 2010. The announcement comes just months after the retailer sent Moir to Austrailia to oversee the turnaround at its department store chain David Jones - where it's seen a number of write downs, costing the company billions of rands. So what does the change in leadership spell for the company moving forward? Alec Abraham from Sasfin Securities talks to Business Day TV about the company's future.