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Steinhoff: Ch. Wiese resigns from supervisory board

(CercleFinance.com) - Steinhoff International, the parent company of Conforama, which is suffering from suspicion of fraud in its accounts, has announced that Christoffel Wiese has stepped down as chairman of the supervisory board "to prevent any conflict of interest.


"Mr. Wiese continues to serve as interim chairman of the board after the resignation of the group's former COO, Markus Jooste.

A South African businessman, Mr. Wiese is one of Steinhoff's largest shareholders.

An independent director, Heather Sonn, will take over from Mr. Wiese as head of the supervisory board.

Jacob Wiese has also resigned from his position on the supervisory board due to his family ties to Christoffel Wiese.


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