Christo Wiese resigns as CEO of the Steinhoff Group

Die Vryburger

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Heather Sonn - Image - Die Vryburger

The chairman and interim CEO of the besieged Steinhoff group, Christo Wiese, resigned as chairman of the group. His son Jacob also resigned from the company.

Steinhoff lost billions of rand’s in investment money last week when it became known that accounting figures were wrong and that the company’s statements and results were not released as a result.

After the CEO Markus Jooste resigned, Wiese himself temporarily took over the reins.

He decided to resign to strengthen “independent management of the company.”

Heather Sonn, a member of the Supervisory Board and already described as Africa’s richest woman, has been appointed the acting chairperson.

Read the original article in Afrikaans on Die Vryburger

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