SHOPRIT: 12,564 +130 (+1.05%)
South Africa's Pick n Pay appoints insider Olivier as new CFO
LONDON, July 31 (Reuters) - South African supermarket chain
Pick n Pay Stores Ltd has appointed senior executive
Lerena Olivier as chief finance officer with effect from Sept.
6, it said on Wednesday.
The country's third largest grocery store chain by market
capitalization announced in April that CFO Aboubakar Jakoet
would retire after 34 years with the group once a successor had
Lerena, with 18 years of experience with JSE-listed
companies in the retail sector, has been a senior executive
within Pick n Pay's finance division for the past eight years,
where she has worked closely with Jakoet.
Jakoet will continue to serve in a non-executive capacity
on the Pick n Pay board, the retailer, which pitches itself as a
more affordable alternative to the likes of Woolworths
and Shoprite's Checkers, said.
(Reporting by Nqobile Dludla; Editing by Jan Harvey)
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.