Steinhoff CFO resigns

JOHANNESBURG - Steinhoff's Chief Financial Officer, Philip Dieperink will step down at the end of next month, including as a member of the Management Board. 

The scandal-hit retailer says this is by mutual agreement.

Dieperink, who held the CFO position for just over a year, will be succeeded by Theodore de Klerk, who's currently Operations Director.

He'd also been appointed a managing director in April 2018.

Dieperink has overseen a tumultuous period for the group, which has had to restructure its debt and finalise long-delayed financial results.

That's after accounting irregularities emerged in late 2017.

Shares in retailer Steinhoff fell 3.10% after after the announcement was made.Steinhoff Chief Financial Officer Philip Dieperink resigned on Monday.

Source
eNCA