Theodore will replace Philip Dieperink as CFO of the troubled retailer.
South African retailer Steinhoff has announced the appointment of Theodore de Klerk as its new CFO with effect from 1 September.
Theodore will replace Philip Dieperink, who will be leaving by mutual consent after the 2019 annual general meeting.
The appointment of Theodore is the latest move by Steinhoff to stabilise its leadership after it admitted to accounting irregularities in 2017 under its former CEO Markus Jooste and several senior directors — wiping about 85 percent off its market value.
Theodore is an experienced executive manager who has occupied the role of COO and director of Steinhoff. Prior to joining Steinhoff, Theodore served in various director positions at companies including Unitrans Automotive Group, KAP Industrial Holdings, Steinbuild, POCO South Africa, Gensec Bank, Murray & Roberts and EY.
Currently, Theodore is the COO of Steinhoff International. He has been with the company since 2016 when he was appointed as the executive of business development. Later he was appointed in group services before becoming COO.