Steinhoff: Louis du Preez replaces Danie van der Merwe as CEO

The South African group has announced the departure of Danie van der Merwe, who has been interim CEO since December 19, 2017 (after Markus Jooste was forced to resign after suspicion of accounting irregularities came to light). ). Thus, on December 31, Louis du Preez will take the chair of the group, while Danie van der Merwe will remain in the company until December 1, 2019, during which time he will assist the new CEO and the Board of Directors.

Louis du Preez, 49, current sales director and member of the executive board, has joined the South African group since mid-2017; he was thus in charge, since last December, of conducting the various negotiations as part of the restructuring of the group. It is therefore a crucial role that the new CEO has been able to play in recent months – in association with Danie van der Merwe – since, as everyone knows, the company has had to deal with a debt approaching 11 billion euros. dollars. Steinhoff is today engaged in a very complex, very large restructuring process; three years of delay have been achieved to reduce the debt.