Steinhoff Europe and Finance Holdings will both move to the same head
office as the retailer’s UK unit, the Stellenbosch, South
Africa-based company said in a
statement.
The supervisory board members for the European division are
now
Louis du Preez, Richard Heis and Philip Dieperink, while the management
board includes Theodore de Klerk and David Frauman. Du Preez and Frauman
also make up the Finance Holding board.
The owner of Conforama in France and Mattress Firm in the US won
support in July from a majority of creditors to restructure its €9.4bn ($11bn; about R147bn) of debt. Last week Steinhoff
said it had replaced Dirk Schreiber, the former head of finance in
Europe, on the boards of
Steinhoff Europe AG, which houses brands such as Pepco and Poundland,
and of the convertible-bond unit Steinhoff Finance Holding GmbH.
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