Woolworths will wave goodbye to Graeme Danks, general manager of Danks, who will be retiring after 40 years in the hardware business.

According to Woolworths, over the past two years, Danks contributed “enormously” to the company’s home improvement strategy including overseeing the integration of Danks into Woolworths and the acquisition of a number of small format hardware stores.

Danks will continue to work within the home improvement business in a part-time capacity as he transitions into retirement.

As a result of Dank’s retirement, Mark Burrowes will take on the role of general manager – home, timber and hardware group, reporting to Don Stallings, CEO Home Improvement.

Burrowes was recently CEO of Mitre 10 and has previously also been the managing director of Medibank Private.

Also, Con Dekazos will be appointed general manager – wholesale, reporting to Burrowes and with responsibility for the day-to-day wholesale operations, buying, marketing, finance, supply chain and franchisee operations.

Don Stallings, CEO Home Improvement said: "We wish Graeme the very best for a long and happy retirement. With more than 150 years of history, the Danks' family have left an amazing legacy to this industry and we look forward to continuing their hard work on behalf of all our wholesale customers. Mark's experience makes him a very worthy successor to Graeme and the Danks customers can be reassured that they will be in excellent hands."