Steinhoff chairperson Heather Sonn resigns

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Steinhoff made headlines in December 2017 when then CEO Markus Jooste resigned in an accounting scandal that saw the company’s share price collapse.

JOHANNESBURG - Steinhoff chairperson Heather Sonn has resigned.

This comes after discovering that she had unwittingly completed a transaction without declaring a potential conflict of interest.

Sonn is a shareholder in the investment company Gamiro. Gamiro completed a transaction with Geros Financial Services more than two years ago which in turn may have been associated with, and indirectly funded by Steinhoff.

READ: Matjila 'responsible' for Steinhoff losses

Sonn says she would have made disclosures had she been aware of this.

Steinhhoff’s vice-chair of the supervisory board Peter Wakkie says Sonn has not in any way been found to have participated in accounting irregularities at Steinhoff.

The retailer made headlines in December 2017 when then CEO Markus Jooste resigned in an accounting scandal that saw the company’s share price collapse.

Source
eNCA