Pick n Pay appoints Lerena Olivier as new CFO

Head of reporting and finance team Lerena Olivier will be taking over from outgoing CFO Bakar Jakoet.

On Wednesday 31 July Pick n Pay announced the appointment of Lerena Olivier as its new CFO and executive director with effect from 6 September. 

She will be taking over from Bakar Jakoet, who will be retiring on 6 September after 34 years of service to Pick n Pay, but will continue to contribute to the company by serving in a non-executive capacity on the board. 

In a statement, Pick n Pay said that reflecting the strategic and operational importance of the role, the appointment follows an extensive search involving both internal and external candidates. 

Lerena has been a senior executive within Pick n Pay’s group finance division for the past eight years, where she has worked very closely with Bakar. She currently heads the group’s reporting and finance team. 

She is a qualified CA(SA) and has 18 years of experience with JSE-listed companies in the retail sector. 

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