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Steinhoff supervisory board member resigns

Steinhoff International Holdings NV on Feb. 2 said that Thierry Guilbert will step down as a member of the supervisory board of the company, effective immediately.

The troubled retailer said Guilbert believes his other executive commitments will keep him from focusing his efforts on the group "at this critical time."

Candidates are being considered to strengthen the independence of the company's supervisory board, Steinhoff said.