Pick n Pay: Bakar Jakoet

Aboubakar Bakar Jakoet has been Chief Financial Officer of Pick n Pay since 2011. He is also an Executive Director.

Mr. Aboubakar Jakoet is the Chief Financial Officer and Executive Director of Pick n Pay Stores Ltd. 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 and a qualified Charted Accountant.

Work
2011 – Present        CFO and executive member, Pick n Pay
1995 – 2011             Chief Finance Controller, Pick n Pay
1993 – 1995             Divisional Manager, Pick n Pay
1984 – 1993             Special Projects and New business, national finance office,                                          Pick n Pay

Education
                                    CA(SA)

About Pick n Pay: The Pick n Pay Group is a grocery, clothing and general merchandise retailer, selling a wide range of products at competitive prices under our Pick n Pay and Boxer brands.

Since 1967 when consumer champion Raymond Ackerman purchased the first four stores in Cape Town, the Group’s vision has grown and expanded to encompass stores in South Africa, Namibia, Botswana, Zambia, Swaziland and Lesotho. In addition Pick n Pay owns a 49% share of a Zimbabwean supermarket business, TM Supermarkets. The Group is managed through its South Africa and Rest of Africa divisions.

Pick n Pay reported revenue R77.5 billion. The company employs 9 250 people.