Edition:
India

Pick N Pay Stores Ltd (PIKJ.J)

PIKJ.J on Johannesburg Stock Exchange

4,567.00ZAc
25 Sep 2020
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Summary

Name Age Since Current Position

Gareth Ackerman

62 2013 Non-Executive Chairman of the Board

Richard Brasher

58 2013 Chief Executive Officer, Executive Director

Lerena Olivier

44 2019 Chief Financial Officer, Executive Director

Richard van Rensburg

59 2018 Chief Information System Officer, Executive Director

Jonathan Ackerman

53 2010 Executive Director

Suzanne Ackerman-Berman

57 2010 Executive Director

Debra Muller

58 2010 Company Secretary

Jeffrey van Rooyen

70 2020 Lead Non-Executive Independent Director

Aboubakar Jakoet

64 2019 Non-Executive Director

David Robins

66 2008 Non-Executive Director

Haroon Bhorat

51 2020 Independent Non-Executive Director

Mariam Cassim

37 2020 Independent Non-Executive Director

David Friedland

66 2017 Independent Non-Executive Director

Hugh Herman

79 2020 Non-Executive Independent Director

Audrey Mothupi

50 2013 Independent Non-Executive Director

Annemarie van der Merwe

2020 Independent Non-Executive Director

David North

2020 IR Contact Officer

Biographies

Name Description

Gareth Ackerman

Mr. Gareth Mark Ackerman serves as Non-Executive Chairman of the Board of the Company. Gareth headed up various divisions of the Group before being appointed to the Board in 1990. He became a non-executive director in 1999, and from 2002 to 2010 served as Chairman of Pick n Pay Holdings Limited RF. In 2010 he was appointed Chairman of Pick n Pay Stores Limited. Among his other interests, Gareth is co-chair of the Consumer Goods Council of South Africa, and serves as vice co-chair of the international Consumer Goods Forum.

Richard Brasher

Mr. Richard W. P. Brasher serves as Chief Executive Officer, Executive Director of the Company. He joined Pick n Pay as Chief Executive Officer in 2013 and is leading a plan to restore the business to sustainable long-term growth. He has an outstanding track record spanning over 25 years in international retail. He has developed and led one of the world’s most iconic brand loyalty programmes, created one of the first global commercial sourcing operations, built an enduring and much imitated private label strategy, and was instrumental in leading a traditional food retail business into the online and convenience markets.

Lerena Olivier

Ms. Lerena Olivier serves as Chief Financial Officer, Executive Director of the Company. Lerena joined the Group nine years ago, taking responsibility for financial reporting and the finance team in the Pick n Pay Group finance division. During her 18 years of experience in JSE-listed companies in the retail sector, Lerena has gained expertise in finance, risk management, strategy, accounting and tax. She was appointed to the position of CFO and to the Board in September 2019.

Richard van Rensburg

Mr. Richard S. J. van Rensburg serves as Chief Information System Officer, Executive Director of the Company. He has extensive experience in retail and information technology, with Woolworths, Massmart and Affinity Logic. In 2009 he joined the Board of Pick n Pay as an independent non-executive director. In 2011, Richard became deputy CEO. In this role, Richard takes responsibility for the e-commerce portfolio of the Group.

Jonathan Ackerman

Mr. Jonathan D. Ackerman serves as Executive Director of the Company. He joined Pick n Pay in 1992. Having worked in many divisions, Jonathan ensures that the wellbeing of Pick n Pay’s customers is the primary motivating factor for any strategic decision taken in the Group in his current role as Customer Director. In March 2010 he was appointed to the Board as a representative of the controlling shareholder.

Suzanne Ackerman-Berman

Ms. Suzanne Dale Ackerman-Berman serves as Executive Director of the Company. She was appointed director of transformation in 2007. In addition to her executive contribution to the Group, in March 2010 she was appointed to the Board as a representative of the controlling shareholder. Suzanne is very active philanthropically and is a passionate proponent of enterprise development. She is chairman of the Ackerman Pick n Pay Enterprise Development Fund, and head of the Pick n Pay Small Business Incubator.

Debra Muller

Ms. Debra Muller serves as Company Secretary of the Company. Debra was admitted as an attorney in 1988. From 1994 she assisted Pick n Pay as a legal consultant, taking a permanent position as in-house legal advisor in 2006, working with litigious, contractual and compliance issues. Appointed as Company Secretary to the Pick n Pay Group in 2010, Debra continues to head up the legal department. In 2016 Debra was appointed to the board of directors of the Consumer Goods and Services Ombud (RF) NPC, where she also serves as a member of the CGSO audit and risk committee. In addition, Debra serves as a director of St Luke’s Hospice property company.

Jeffrey van Rooyen

Mr. Jeffrey van Rooyen serves as Lead Non-Executive Independent Director of the Company. He is a A chartered accountant with extensive experience in both the private and public sectors, Jeff is the founder CEO of Uranus Investment Holdings Proprietary Limited. His involvement in the accounting profession over the years is extensive. Former appointments include being a trustee of the IFRS Foundation, chairman of the Public Accountants and Auditors Board (now IRBA) and founder president of the Association for the Advancement of Black Accountants. His public sector record is equally extensive. Former appointments include chairman of the Financial Reporting Standards Council, executive officer of the Financial Services Board, member of the Advisory Committee, Faculty of Economics and Management Sciences of the University of Pretoria and member of the Standing Advisory Committee on Company Law. Jeff is also a director of two other listed companies: MTN Group Limited and Exxaro Resources Limited.

Aboubakar Jakoet

Mr. Aboubakar Jakoet serves as Non-Executive Director of the Company. He joined the Group in 1984, working in the national finance office, heading up special projects and new business. He was appointed divisional manager in 1993 and served on the retail board as chief finance controller since its inception in 1995. He was appointed as CFO and a member of the Board in 2011. In addition to his responsibilities at Pick n Pay, Bakar is a member of the University of Cape Town Council, Chairman of the UCT Remuneration Committee and Deputy Chairman of the UCT Finance Committee. He is a director of the Sports Science Institute of South Africa.

David Robins

Mr. David Robins serves as Non-Executive Director of the Company. He joined the Group in 1994 and was appointed in 2005 as the executive responsible for expansion outside of South African borders. In 2002 he was appointed as Deputy Chairman of the Group and as an executive director. During 2008 he retired from his executive position. He remains on the Board as a non-executive director and as a representative of the controlling shareholder.

Haroon Bhorat

Dr. Haroon Bhorat serves as Independent Non-Executive Director of the Company. Haroon is Professor of Economics in the School of Economics and Director of the Development Policy Research Unit at the University of Cape Town. He is a Board Member of the National Research Foundation, the UNU World Institute for Development Economics Research and the Partnership for Economic Policy. He holds the National Research Chair in Economic Growth. He is a Non-resident Senior Fellow at the Brookings Institution, and a Research Fellow at the Institute for the Study of Labour. He was a member of the World Bank’s Advisory Board of the Commission on Global Poverty and a member of the Programme Committee of the 2017 International Economic Association World Congress. His career appointments include being an Advisor on Parliament’s High-Level Panel on Acceleration of Change and Transformation and serving on the Presidential Economic Advisory Panel. Haroon sits on the Presidential Economic Advisory Council established by President Ramaphosa to generate ideas for economic growth, job creation and addressing poverty.

Mariam Cassim

Ms. Mariam Cassim serves as Independent Non-Executive Director of the Company. Mariam, a chartered accountant, is the Chief Officer: Financial Services for Vodacom. Her career has encompassed work at Eskom, Sanlam, Thebe Investment Corporation and Telesure Group Services. In addition to her executive role, Mariam has been a non- executive director on the board of Supergroup for 5 years. Mariam has recently completed her MBA.

David Friedland

Mr. David Friedland serves as Independent Non-Executive Director of the Company. He was the audit engagement partner and lead/relationship partner at KPMG for several listed companies, as well as large owner-managed companies, principally in the retail sector. David has been associated with Pick n Pay as an external auditor since 1977, and was the audit engagement partner from 2000 to 2007.

Hugh Herman

Mr. Hugh Sidney Herman serves as Non-Executive Independent Director of the Company. Hugh was a partner at law firm Sonnenberg Hoffmann Galombik before joining Pick n Pay in 1976. He was managing director of Pick n Pay from 1986, before joining Investec Bank in 1993. Hugh was appointed group chairman of Investec Bank Limited in 1994, a position from which he retired in 2011. Hugh was appointed honorary life president of the Investec Group and remains chairman of Investec Asset Management. Hugh resigned in 2018 from his directorship of Growthpoint Properties Limited.

Audrey Mothupi

Ms. Audrey Mamoshoeshoe Mothupi serves as Independent Non-Executive Director of the Company. Audrey is the CEO of SystemicLogic Group, a global financial innovation and technology disruptor. Audrey’s experience spans various business domains including group strategy, talent design, marketing and communications strategy, integrated with strong corporate relationship management. Prior to SystemicLogic Group, Audrey served as the head of inclusive banking at Standard Bank Group and before that the chief executive of Strategic Services at the Liberty Group of companies. Audrey has completed the executive programme, Artificial Intelligence: Implications for Business Strategy at MIT Sloan School for Management. Audrey serves on the boards of Brainworks Capital and listed company Life Healthcare Group as an independent non-executive director. She is chairperson of Roedean School South Africa, as well as Orange Babies South Africa, a non-profit organisation focused on the prevention of mother-to-child transmission of HIV/Aids and the care of Aids orphans and vulnerable children. Audrey is a member of the Numeric Board of South Africa, an organisation that focuses on helping young South Africans excel in mathematics and training world-class mathematics teachers.

Annemarie van der Merwe

Ms. Annemarie van der Merwe has been appointed as Independent Non-Executive Director of the Company effective 8/4/2020. Annemarie has been a corporate lawyer and company secretary of companies in the listed environment for nearly 30 years. She is currently the Executive Chair of the FluidRock Governance Group, as well as the chair of the Bureau for Food and Agricultural Policy, amongst others. She remains active in the King Committee on Corporate Governance for South Africa and is a member of the JSE Advisory Committee.

David North