Latest News. Du Preez will need all his experience – and plenty of luck. With effect from 29 October 2018, she was appointed as non-executive At Goldin, he was senior advisor to companies and institutional investors and oversaw independent investigations of corporate affairs. He then became a founding partner of the firm Spinath & Wakkie B.V. in 2010 (renamed Wakkie & Perrick). Louis du Preez, Steinhoff Group CEO said: "Settlement of legacy litigation is a critical priority for the Steinhoff Group. Keeping Mattress Firm from collapsing completely and ensuring creditors continue to prop up Steinhoff will also be part of Du Preez’s job description. He was deputy chairman of the supervisory board of ABN AMRO Bank N.V. from 2009 to 2015 and chairman of the supervisory board of Wolters Kluwer N.V. until 2017. Louis J. du Preez is on the board of Steinhoff UK Holdings Ltd., Pepkor Holdings Ltd. and Pepco Group Ltd. and Chief Executive Officer at Steinhoff International Holdings NV. On 22 May 2020, the Supervisory Board designated Moira as chairperson of the Supervisory Board and appointed her as chairperson of the nomination committee. Don’t buy Bitcoin, says former chair of the…, Is ANC in its death throes? About 90 separate lawsuits have been filed against Steinhoff, with combined claims of more than R136bn. David earned a bachelors’ degree in Industrial and Labour Relations in 1981 and in 1984 he obtained a degree in law from the Columbia Law School. Louis J. du Preez, 50 Chief Executive Officer, Steinhoff International Holdings NV. He has a wealth of experience in the South African asset management industry. Louis du Preez … Most notably, he was appointed joint administrator of Lehman Brothers International (Europe), where he worked full-time from 2008 to 2014. Khanyisile was appointed to the Supervisory Board on 20 April 2018, for a period that runs with effect from the conclusion of the annual general meeting on 20 April 2018 until the close of the Company’s annual general meeting to be held in 2022. Louis du Preez, Steinhoff Group CEO said: "Settlement of legacy litigation is a critical priority for the Steinhoff Group. He served as a non-executive director of KAP Industrial Holdings Limited from 1 October 2017 until 3 April 2019. © 2021 BizNews, Inc. | The Rational PerspectiveTerms & ConditionsComments Policy. Louis Jacobus Du Preez is Chief Executive Officer at Steinhoff International Holdings NV. He currently also serves as the managing director of Aldan Management and is concurrent administrator of Phones 4U Limited. Du Preez will replace acting CEO Danie van der Merwe who will step down at the end of December. She has held a number of non-executive board positions, including Transnet Limited, Viamax (Pty) Ltd, Afrisam Group and MTN Group Limited. Louis du Preez, Steinhoff Group CEO said: "Settlement of legacy litigation is a critical priority for the Steinhoff Group. He was heavily involved in Royal Ahold's restructuring and divestment program and became chief architect of its corporate responsibility strategy. Both are middle-aged men who studied at the University of Stellenbosch, near Cape Town. David was appointed to the Supervisory Board on 30 August 2019, for a period that runs with effect from the conclusion of the annual general meeting on 30 August 2019 until the close of the Company’s annual general meeting to be held in 2023. He served as a member of the executive board of Royal Ahold N.V. from 2003 to 2009 where he also held the position of chief corporate governance counsel. Steinhoff appoints Louis du Preez as new permanent CEO, shares soar. She served as a professor in the College of Accounting at the University of Cape Town until March 2018, where her area of expertise was financial reporting and other forms of corporate reporting. He is deputy chairman and chairman of the governance, social and ethics committee. In October 2019, he reprised his role as joint receiver of OW Bunker. With the merger of Werksmans Attorneys in 2009, he became a member of the national executive committee of the combined firm and served as such until early 2017. Big political changes…, Sim swap fraud: victim loses R30,000 with no course…, Ivermectin: Major tech breakthrough in human…, Every SA should be VERY worried about land…, © 2021 BizNews, Inc. | The Rational Perspective. He joined Jan S de Villiers and was appointed a partner of the firm in 1998. – Stuart Lowman. While at PwC, Paul was also joint receiver of OW Bunker, the world’s largest independent marine fuel distributor. The Supervisory Board nominated Theodore de Klerk as operational director and managing director on 28 February 2018. Headquarters Amsterdam. 31st March 2020 14th August 2019 by Alec Hogg Embattled Steinhoff lifted its veil yesterday for the first time since the once mighty group was brought to its knees after the disclosures of massive fraud and corruption conducted over more than a decade. He joined Murray & Roberts as financial director of its marine construction operation and spent five years with Gensec Investment Bank as part of its corporate finance advisory unit, focusing on mergers and acquisitions, capital raisings and related structuring functions. focused on child education. BA Hons (English Language & Literature), Chartered Accountant (ICAEW), Insolvency Practitioner (JIEB). Chief Executive Officer Louis J. du Preez. In his past career he was Partner at Jan S De Villiers. He is a member of the audit and risk committee and the human resources and remuneration committee. As of May 12, 2020. Khanyisile obtained a Postgraduate Diploma in Management and a master’s degree in Management from the University of Witwatersrand in 1999. She graduated from the University of the Witwatersrand in 1987 and completed a Management Advancement Programme at the Business School of the University of the Witwatersrand in 1995. 2016 waren rund 112.000 Mitarbeiter für das Unternehmen tätig. Steinhoff International reveals R6.54bn global settlement; SA’s Johnson and Johnson vaccine doses arrive at OR Tambo; Fresh & Euphonik: Alleged victim of sexual assault informed via WhatsApp that case was dropped One’s a lawyer, the other an accountant, and for a few brief months, they even worked at the same South African company: Steinhoff, which almost collapsed late last year amid an accounting scandal. Derzeit laufen rund 90 Verfahren gegen Steinhoff International Holdings N.V. und die ehemalige Südafrika-Holding in … More recently, she served as chief executive officer of Business Unity SA from 2015 to 2017. Du Preez, who is married to a fellow lawyer and has four children, hasn’t kept Steinhoff afloat on his own. She enjoyed a successful career in the motor industry, holding the position of managing director of Sales $12B. His timing looked unfortunate when the retailer reported accounting irregularities barely half a year later, but with the company’s reputation in tatters and board members under suspicion, it needed someone who creditors would trust enough not to force bankruptcy. Du Preez has been central to Steinhoff’s credit extension agreements buying time for the company to find a turn around. director of Steinhoff Investment Holdings Limited and is a member of the audit committee of Steinhoff Investment Holdings Limited. He has acted as C-suite officer for many companies undergoing reorganisation. He acted in such capacity until his appointment by the general meeting on 20 April 2018. Derzeit laufen rund 90 Verfahren gegen Steinhoff International Holdings N.V. und die ehemalige Südafrika-Holding in den Niederlanden, Südafrika und Deutschland. ... Steinhoff International Holdings N.V. cnr … (Industrial and Labour Relations), J.D. He also served as the chairman of the supervisory board of TomTom N.V. until April 2019. Steinhoff International Holdings ist ein börsennotierter weltweit tätiger Möbelkonzern mit Sitz in Amsterdam und operativer Hauptzentrale in Sandton (Johannesburg/Südafrika), dessen Wurzeln in der deutschen Möbelindustrie liegen. Louis du Preez served as non-executive director of KAP Industrial Holdings Limited from 1 October 2017 until 3 April 2019. Paul also serves on the board of Noble Group Holdings Limited as a non-executive director. He earned a bachelor’s degree in law from the University of Utrecht in 1972. Der Einigungsvorschlag sei das Ergebnis 12-monatiger intensiver Verhandlungen, laut dem CEO Louis du Preez. It was while at Werksmans, one of South Africa’s biggest law firms, that he started working with Steinhoff, joining as general counsel in mid-2017. He has also served as a non-executive director of Pepkor since January 2018. Invariably earnest, well dressed and with sandy brown hair, the new CEO came to embody the team that – so far – has staved off corporate disaster. roles. JOHANNESBURG — It won’t be an easy task following in the long shadow of Markus Jooste, the man at the centre of South Africa’s biggest corporate scandal, but it’s one former Werksmans lawyer Louis du Preez will take a stab at. Steinhoff, Steinhoff International Holdings Proprietary Limited (SIHPL) ... As both Louis du Preez and the external counsel will be saying: “If we manage this properly, it could last forever”. Louis du Preez, chief executive officer of Steinhoff International Holdings NV, gestures as he speaks during the company's investor day in Cape Town, South Africa on Tuesday, Aug. 13, 2019.... Get premium, high resolution news photos at Getty Images What he won’t be able to anticipate is the path taken by regulators across the Netherlands, Germany and South Africa. He currently continues to serve as a director of several other Group companies. While Steinhoff has handed the details of certain transactions to the South African police, authorities in the three countries are investigating, and their probes could take years. See Louis Jacobus Du Preez's compensation, career history, education, & memberships. Lawyer-turned-CEO helps save Steinhoff | Business | The Journal … Implementation of these processes is an important step forward, giving participating claimants the opportunity to approve the proposals and open … The Supervisory Board nominated Louis du Preez as commercial director and managing director on 19 December 2017. Subscribe to our Newsletter to get daily updates on local affairs, with a global context. Danie van de Merwe, who worked closely with Jooste, had been acting CEO since December and will continue in an assistant role for almost 12 months. While practising as an attorney, he advised clients on a variety of corporate and commercial matters. “Louis has been active in steadying the ship and it makes sense to give him more authority at this stage,” said Mark Hodgson, a Cape Town-based analyst at Avior Capital Markets. Implementation of these processes is an important step forward, giving participating claimants the opportunity to approve the proposals and open the pathway to realise some value from their claims. Theodore completed his articles with Ernst & Young and worked for four years as a corporate tax consultant. Headquarters Amsterdam. She is chairman of the Company’s audit and risk committee, and a member of the governance, social and ethics committee and the nomination committee. Louis du Preez, Steinhoff Group CEO said: "Settlement of legacy litigation is a critical priority for the Steinhoff Group. She is a member of the audit and risk committee and chairperson of the human resources and remuneration committee. The world is changing fast and to keep up you need local knowledge with global context. He acted in such capacity until his appointment by the general meeting on 20 April 2018. But it’s still a million miles away from those record highs touched in 2016. Steinhoff CEO Louis du Preez answers: When is Markus Jooste going to jail? Paul was appointed to the Supervisory Board on 30 August 2019, for a period that runs with effect from the conclusion of the annual general meeting on 30 August 2019 until the close of the Company’s annual general meeting to be held in 2022. Lösungsansatz. Effective 1 January 2019, the Supervisory Board designated Louis as chief executive officer. Louis J. du Preez is on the board of Steinhoff UK Holdings Ltd., Pepkor Holdings Ltd. and Pepco Group Ltd. and Chief Executive Officer at Steinhoff International Holdings NV. She has been a non-executive director of Coronation Fund Managers Limited since May 2008 and chair of its audit and risk committee, as well as lead independent non-executive director since October 2017. PSG Capital Proprietary Limited (Registration number 2006/015817/07) 1st Floor Ou Kollege 35 Kerk Street Stellenbosch 7600 Louis J. du Preez is on the board of Steinhoff UK Holdings Ltd., Pepkor Holdings Ltd. … She is a member of the governance, social and ethics committee, was chairperson of the human resources and remuneration committee until 30 January 2019 and remains a member after handing over the chairperson’s role to Moira Moses. In 2008 he was appointed chief executive officer of SteinBuild, the group’s southern African building materials division, a position he held until 2015. JOHANNESBURG - Steinhoff’s commercial director Louis du Preez will take over as the new permanent chief executive officer, sending its shares soaring more than 16% on Monday. One of his most high profile cases involved arguing for lenders to be allowed to deduct loan repayments directly from borrowers’ accounts, a practice that was bankrupting many of the country’s poorest people. Moira was with Transnet Limited from 2005 to 2012 and held the position of Group Executive, Capital Projects. Steinhoff International shares tumbled more than 13 percent yesterday after the retailer said it would make available €370 million (R6.54 billion) as total settlement consideration to market purchase claimants (MPC) and contractual claimants against it. But in his relatively short time at the global retailer, it’s been clear that Du Preez, 49, is intent on saving a business that nearly came to ruin under Jooste, about eight years his senior. Furthermore, lawsuits have piled up across three countries, including a R59 billion claim by former chairman and ex-biggest shareholder, the billionaire Christo Wiese. Louis obtained his bachelor’s degree from the University of Stellenbosch and went on to qualify as an attorney of the High Court of South Africa in 1997 after completing his articles. Both are middle-aged men who studied at the University of Stellenbosch, near Cape Town. For the intricate corporate artistry of it alone, it deserves to succeed. (Bloomberg) – Louis du Preez, the new head of Steinhoff International Holdings NV, may not sound like much of a departure from ex-Chief Executive Officer Markus Jooste. Lösungsansatz. From 2007 to 2015 she served on the board of the Public Investment Corporation, and from 2009 to 2018 at the Government Employees Pension Fund. Louis du Preez, Steinhoff Group CEO said: "Settlement of legacy litigation is a critical priority for the Steinhoff Group. A leader is not defined by the challenge they inherit but rather the story they leave behind, and du Preez has the opportunity to produce one of the great turn around stories here. Employees 123,054. Peter was reappointed to the Supervisory Board on 30 August 2019, for a period that runs with effect from the conclusion of the annual general meeting on 30 August 2019 until the close of the Company’s annual general meeting to be held in 2021. By Sandile Mchunu 1h agoShare this article:ShareTweetShareShareShareEmailShareDURBAN - STEINHOFF International shares tumbled more than 13 percent yesterday after the DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous Steinhoff International Holdings N.V. : 2021-02-16 / 06:45 The issuer is … Moira Moses was appointed to the Supervisory Board on 20 April 2018, for a period that runs with effect from the conclusion of the AGM on 20 April 2018 until the close of the Company’s annual general meeting to be held in 2022. Appointed commercial director after the crisis erupted in December, he went on to lead crucial talks with Steinhoff creditors over the restructuring of almost 10 billion euros ($11.4 billion) of debt.