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THE FOSCHINI GROUP LIMITED - Change to the board appointment of Chief Financial Officer and executive director

Release Date: 28/03/2024 09:00
Code(s): TFG TFGP     PDF:  
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Change to the board – appointment of Chief Financial Officer and executive director

(Incorporated in the Republic of South Africa)
(Registration number: 1937/009504/06)
Ordinary share code: TFG
ISIN: ZAE000148466
Preference share code: TFGP
ISIN: ZAE000148516
("TFG" or "the Company" and together with its affiliates "the Group")


As was announced on SENS on 13 October 2023, Mr Anthony Thunström has been fulfilling the role
of both Chief Executive Officer and executive financial director of the Company since 1 December
2023. It was further announced that the Board had commenced a process to recruit a Chief Financial
Officer (CFO).

In accordance with section 3.59 of the JSE Limited Listings Requirements, the Board is pleased to
announce the appointment of Mr Ralph Buddle as CFO and executive director of the Company with
effect from 1 April 2024. The appointment follows an extensive internal and external executive search.
Mr Buddle will also be appointed as a member of the Risk Committee with effect from 1 April 2024.

Mr Buddle, who has been the Group's Head of Finance & Advisory since September 2023, is an
experienced Chartered Accountant with an extensive understanding of the retail sector.

Mr Buddle previously served as interim CFO of Oceana Group Limited and as a senior finance
executive at Woolworths Holdings Limited.

Michael Lewis, Chairman of TFG, commented: "On behalf of the Board we congratulate Ralph on his
new role. We wish him well and look forward to his continued contributions to the Group."

Cape Town
28 March 2024

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 28-03-2024 09:00:00
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