Steinhoff appoints new deputy chair

Steinhoff appoints new deputy chair

Steinhoff Worldwide Holdings has appointed Paul Copley (46) as its new deputy chair following the top of Peter Wakkie’s (73) time period on 22 March 2023.

Learn: Whoa … are Steinhoff shares heading for zero?

Copley was elected by the corporate’s supervisory board of six, on which he additionally sits. It’s made up of chair Moira Moses, Alexandra Watson who chairs the Audit & Threat Committee and Dr Hugo Nelson who chairs the Human Assets & Remuneration Committee.

Copley, a UK chartered accountant and licensed insolvency practitioner, was appointed as Steinhoff Worldwide’s supervisory director in August 2019.

His profession spans numerous roles, together with 20 years at auditor {and professional} enterprise providers agency, PwC, the place he labored principally in enterprise restoration providers. His stint included each formal insolvency and restructuring roles.

Learn: Fraud-hit Steinhoff shareholders reject debt-relief plan

“While at PwC, Paul was additionally joint receiver of OW Bunker, the world’s largest impartial marine gasoline distributor,” a profile on the corporate’s web site states.

He left PwC in 2016 to step in as CEO of Kaupthing ehf, an Iceland-domiciled financial institution.

A number of the highlights of his profession embody his appointment as joint administrator of Lehman Brothers Worldwide in Europe, the place he labored full-time from 2008, following the collapse of the worldwide monetary providers agency, till 2014.

The corporate additionally made adjustments to its firm secretary, appointing Nicholas Lewis as the brand new secretary as Sarah Radema prepares to step down on 30 April 2023.

“The supervisory board and administration board thank Ms Radema for her valued contribution to Steinhoff throughout her tenure,” the corporate mentioned.

Lewis’s new function will begin on 1 Could 2023.

Lewis, an admitted lawyer of the Excessive Courtroom of South Africa, brings his information of company regulation, having obtained a Grasp’s diploma in company regulation and served as consulting firm secretary for a number of listed teams throughout his profession.

He joined the Steinhoff group as a authorized advisor in 2017 the place he continues to advise on authorized, regulatory, and governance issues, the corporate mentioned.

Learn: Steinhoff: One other settlement, one other paycheque

Learn the Sens right here.