Essential picture: Reeza Isaacs/CFOSouthAfrica
Johannesburg Inventory Trade-listed retailer Woolworths has advised its shareholders that Group Finance Director Reeza Isaacs has resigned.
The JSE-listed retailer mentioned Isaacs’ determination to step down was to pursue new pursuits after ten years with the group.
On Wednesday, Woolworths advised the market that Isaacs can have its final working day on June 30, 2023.
Media experiences trickling all the way down to BusinessTech Africa counsel Isaacs’ departure may even imply stepping down as government director and member of the group’s Treasury Danger, Data and Know-how Committee.
As well as, the retailer has now appointed chartered accountant Zaid Manjra as interim chief monetary officer (CFO), who will quickly take over from Isaacs in July.
Manjra has practically 20 years of post-qualification expertise, together with 15 years in numerous senior finance roles inside the group.
Woolworths mentioned it is going to inform the market as soon as the board appoints Isaacs’ everlasting substitute.
The group’s share value traded virtually 2% within the purple at R64.40 in early morning buying and selling on Wednesday because the market processed the information of Isaacs’ resignation – in response to Moneyw
