Primary picture: Reeza Isaacs/CFOSouthAfrica
Johannesburg Inventory Alternate-listed retailer Woolworths has informed 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 informed the market that Isaacs may have its final working day on June 30, 2023.
Media experiences trickling right down to BusinessTech Africa recommend Isaacs’ departure may also imply stepping down as government director and member of the group’s Treasury Danger, Info and Know-how Committee.
As well as, the retailer has now appointed chartered accountant Zaid Manjra as interim chief monetary officer (CFO), who will briefly take over from Isaacs in July.
Manjra has almost 20 years of post-qualification expertise, together with 15 years in numerous senior finance roles throughout the group.
Woolworths mentioned it would inform the market as soon as the board appoints Isaacs’ everlasting substitute.
The group’s share worth traded nearly 2% within the pink at R64.40 in early morning buying and selling on Wednesday because the market processed the information of Isaacs’ resignation – in line with Moneyw
