Sharenet Sites 
Sharenet Sites
Directorate Change
Dis-Chem Pharmacies Limited
(Incorporated in the Republic of South Africa)
(Registration number 2005/009766/06)
JSE share code: DCP
ISIN: ZAE000227831
("Dis-Chem" or "the Company")
DIRECTORATE CHANGE
In compliance with paragraph 6.71 of the JSE Limited Listings Requirements, the board of
directors of the Company ("the Board") hereby advises shareholders of the resignation of Mr
Ivan Saltzman ("Saltzman or Ivan") from his position as non-executive director, with effect from
23 July 2026.
Following careful consideration, Ivan believes that the timing is appropriate to facilitate Board
succession, while allowing the Company to continue building on its strong foundations.
This is the final step in a phased succession process that commenced with the appointment of
Rui Morais as CEO in July 2023, designed to balance entrepreneurial leadership and continuity
with professional management.
The Company's board of directors and management express their profound gratitude to
Saltzman for his exceptional leadership, unwavering commitment and invaluable contribution
throughout nearly five decades since he founded the Company in 1978.
"It is with appreciation that we thank Ivan for his remarkable leadership. It is impossible to
measure his contribution to Dis-Chem. As one of South Africa's foremost retail entrepreneurs,
he has been the driving force behind the Company's journey from its very first day, transforming
a single pharmacy into South Africa's leading retail pharmacy Group. Ivan's dedication, foresight
and integrity have shaped the long-term strategy that define Dis-Chem today. He is one of the
retail giants of his generation and ranks among the visionaries who have influenced South
Africa's retail sector. His legacy as the architect of Dis-Chem will always be imprinted on the
Company's strategy." said Larry Nestadt, Chairman of the board.
"Dis-Chem has been central to my life for 48 years, and I conclude this chapter with confidence
in Dis-Chem's future. The Company's succession planning always considered my retirement
and I have confidence in both the leadership and strategic direction. I will always look back with
pride in how the business grew and evolved into a meaningful healthcare provider to millions of
South Africans", said Saltzman.
Subsequent to the above resignations, ordinary resolution number 4.2 will not be tabled for
voting at the Annual General Meeting to be held on the 31st of July 2026.
By order of the Board
Nikki Lumley
Company Secretary
24 July 2026
Sponsor
The Standard Bank of South Africa Limited
Date: 24-07-2026 05:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
