DGAP-Ad-hoc: Steinhoff International Holdings N.V. / Key word(s): Change of
Personnel
Steinhoff International Holdings N.V.: Management Board changes
04-Jan-2018 / 16:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*Steinhoff - Management Board changes*
Steinhoff International Holdings N.V. (the "Company" and with its
subsidiaries, the "Group")
Further to the Company's announcement of 19 December 2017 confirming the
strengthening of the Management Board through the designation of Danie van
der Merwe as acting Chief Executive Officer (CEO) and the nominations of
Alexandre Nodale as Deputy CEO and Louis Du Preez as Commercial Director,
further changes to the management of the Company have been made.
The current CFO, Ben la Grange has today stepped down as CFO and as a member
of the Management Board to focus on the preservation and procurement of
liquidity in the Group, in addition to the finalisation of the Company's
audited 2017 consolidated financial statements and comparative statements.
Philip Dieperink will replace Ben as acting CFO pending formal appointment
to the Management Board of the Company. Philip has been with the Group in
various CFO positions since 2001, and will remain as the CFO of Steinhoff
UK. The nomination of Philip Dieperink will be submitted to the general
meeting of the Company for appointment in due course.
It is further intended that an external independent debt restructuring
expert (a Chief Restructuring Officer) will be contracted to assist with
these matters and a process to identify such person is underway.
Shareholders and other investors in the Company are advised to exercise
caution when dealing in the securities of the Group.
Stellenbosch, 4 January 2018
04-Jan-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Steinhoff International Holdings N.V.
Herengracht 466
1017 CA Amsterdam
Netherlands
Phone: +27218080700
Fax: +27218080800
E-mail: investors@steinhoffinternational.com
Internet: www.steinhoffinternational.com
ISIN: NL0011375019
WKN: A14XB9
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
643087 04-Jan-2018 CET/CEST
(END) Dow Jones Newswires
January 04, 2018 10:34 ET (15:34 GMT)
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