Steinhoff Names Danie van der Merwe as Acting CEO
By Dimitrios Kontos
Steinhoff International Holdings NV (SNH.JO) has named Chief Operating Officer Danie van der Merwe as acting chief executive with immediate effect.
The retailer said Tuesday that it has also appointed Alexandre Nodale as deputy CEO and Louis Du Preez as commercial director. Mr. Nodale will maintain his role as CEO of Comforama, the company said.
Steinhoff's largest shareholder, Christo Wiese, stepped down last week as the retail giant's executive chairman. This was just days after CEO Markus Jooste resigned.
The resignations followed the company's disclosure that it had identified possible accounting problems that could affect some $7 billion in assets.
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(END) Dow Jones Newswires
December 19, 2017 06:20 ET (11:20 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.