trending Market Intelligence /marketintelligence/en/news-insights/trending/jl-so_orekfx0pysyokiaw2 content esgSubNav
In This List

Steinhoff subsidiary says director resigns

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Steinhoff subsidiary says director resigns

Steinhoff Investment Holdings Ltd., a subsidiary of South African retailer Steinhoff International Holdings NV, said March 1 that Theunie Lategan resigned as an independent nonexecutive director, effective immediately.

The March 1 announcement came the same day the Johannesburg Stock Exchange suspended Steinhoff Investment from trading.

Lategan's resignation came a day after he quit the board of Steinhoff International.

The parent company, which has been engulfed in an accounting scandal, on Feb. 28 announced the resignations of Lategan and fellow directors Len Konar, Claas Daun and Bruno Steinhoff with immediate effect. It nominated Khanyisile Kweyama, Moira Moses, Hugo Nelson, Clive Thomson, Peter Wakkie and Alexandra Watson as new independent directors. Their appointments will be decided at the company's annual general meeting April 20.