Takealot CFO and CEO to step down as executives after a transition phase

The transition phase will see Gary Altini serving as group CFO until he steps down in July.

Takealot has announced that CFO Gary Altini and CEO Kim Reid are stepping down following a transition phase.

During this phase, Gary will take up a new role within the company as group CFO, which will see him responsible for all financial matters across the Takealot Group. It will, however, only be for a short time as he is planning to step down in July.

Gary is a qualified CA who, after graduating with a B.Acc degree from the University of Witwatersrand, went on to complete his articles with PwC.It was during his time as CFO of various businesses within the Naspers/MIH Group that he met and worked with Kim, before joining him at Takealot in October 2010.

Kim, who played a key role in starting Takealot, will step into the role of group CEO of the Takealot Group and will become chairman of the group during the course of 2021.

Takealot said that the process of finding successors for Gary and Kim has already kicked off.