Steinhoff appoints new CFO

SABC News Steinhoff 1 1 - Steinhoff appoints new CFO

South African retailer Steinhoff said on Friday that Philip Dieperink will step down as chief financial officer and will be replaced by Theodore de Klerk effective 1 September 2019.

The company said Dieperink would leave by mutual consent after the 2019 annual general meeting.

In June 2019,  Steinhoff reported a $1.3-billion loss for the 2018 fiscal year, in a much-delayed earnings report revealing the impact of an accounting fraud put at $7.3 billion.

Steinhoff is also listed in Frankfurt, Germany.

The company delayed the results after finding holes in its accounts in December 2017 –  shocking investors who had backed its reinvention from a small South African furniture outfit into a discount furniture retailer straddling four continents.

Related video click below:

The post Steinhoff appoints new CFO appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..

Leave a Reply

Your email address will not be published. Required fields are marked *