Steinhoff International Holdings N.V. announced that current CFO, Ben la Grange has 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. Johan Geldenhuys will join the executive committee as head of treasury, Johan has been with the group since 2010, following a 24 year career with Absa Bank.