THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Steinhoff chairman steps down in wake of accounting probe

South African retail group Steinhoff has confirmed that Christo Wiese has stepped down as chairman of its supervisory board. The news follows Steinhoff’s recent announcement that it will need to reissue its financial statements for 2016.

HOME & DIY

Steinhoff chairman steps down in wake of accounting probe

In a statement, the company said Wiese had offered to resign from the board to reinforce the independent governance of the company of which he is a major shareholder. It also said the board had accepted his resignation “to address any possible conflict of interest that may exist”.

Heather Sonn, a member of the supervisory board and its independent sub-committee, has agreed to assume the position of acting chairperson. Sonn will remain a member of the independent committee together with the other two members, Johan van Zyl and Steve Booysen.

Steinhoff’s portfolio of retail brands includes Bensons for Beds, Harveys and Poundland.

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy