David Pfaff tenders resignation as Truworths CFO
David Pfaff has advised of his resignation as Truworths CFO to pursue other career opportunities.
Truworths International has announced that the CFO David Pfaff has advised of his resignation with effect from 28 February 2021 in order to pursue other career opportunities.
David joined the group as CFO in 2013 and was appointed as COO, along with his role as CFO, in 2018, having assumed the additional responsibility for the credit risk, credit operations, retail operations and information technology portfolios.
According to the statement, he recently played a key role in the restructuring of the group’s UK based footwear business office, and has been an active participant in the development and execution of the group’s strategy, including the challenges in dealing with the Covid-19 pandemic.
During his tenure the group successfully adopted the new accounting standards IFRS 9: Financial Instruments and IFRS 16: Leases, which have had a major impact on the group’s financial reporting.