South African retail group Steinhoff has confirmed that Christo Wiese has stepped down as chairman of its supervisory board.
In a statement made by Steinhoff Wiese has said that he 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.
