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STEINHOFF INTERNATIONAL HOLDINGS N.V. - Steinhoff Appointment Of Chief Compliance And Risk Officer

Release Date: 05/04/2019 15:35
Code(s): SNH SHFF     PDF:  
 
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Steinhoff – Appointment Of Chief Compliance And Risk Officer

Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019

Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1954/001893/06)
JSE Code: SHFF
ISIN: ZAE000068367

STEINHOFF – APPOINTMENT OF CHIEF COMPLIANCE AND RISK OFFICER

Steinhoff International Holdings N.V. (“Steinhoff” or the “Company” and with its subsidiaries, the
“Group”)

As previously announced, the Group is in the process of developing a remediation plan under
the auspices of the Supervisory Board. As part of the remediation plan, which includes best
practice principles, an initial project plan has been produced and a new position of Chief
Compliance and Risk Officer has been created.

The Chief Compliance and Risk Officer will have a dual reporting line to the CEO and Audit
and Risk Committee.

The Company is pleased to announce the appointment of Louis Strydom as the Chief
Compliance and Risk Officer, with effect from 1 July 2019. Louis is a Chartered Accountant
and prior to this appointment, was the leader of PwC’s African Forensic Services practice as
well as a member of PwC’s European, Middle East and Africa Forensic Services leadership
team. Louis has more than 32 years’ experience in the advisory and audit profession.

Across his career, Louis headed up various global teams, including the team that carried out
the Steinhoff forensic investigation over the past 15 months and, as such, is very familiar with
the Group and the risks Steinhoff is facing.

Heather Sonn, Chairperson of the Supervisory Board, stated “Steinhoff welcomes the
appointment of Louis Strydom. He has an impressive track record and knows Steinhoff well. We
are delighted that he has agreed to join the Group and we look forward to his contribution. It
is crucial that we have a central role to ensure independent risk oversight across the entire
Group. Louis has the skill and experience required to achieve these aims and objectives.”

Shareholders and other investors in the Company are advised to exercise caution when
dealing in the securities of the Group.

JSE Sponsor: PSG Capital
Stellenbosch, 5 April 2019

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