Johannesburg Stock Exchange-listed retailer Woolworths has told its shareholders that Group Finance Director Reeza Isaacs has resigned.
The JSE-listed retailer said Isaacs’s decision to step down from the position was to pursue new interests, after a decade with the group.
On Wednesday, Woolworths reported to the market that Isaacs will have his last day in office on June 30, 2023.
Media reports filtering through to BusinessTech Africa suggest that Isaacs’s departure will also see him stepping down as executive director and a member of the group’s Treasury Risk, Information, and Technology Committee.
In addition, the retailer has since appointed chartered accountant Zaid Manjra as the interim chief financial officer (CFO), who will temporarily take over from Isaacs in July.
Manjra has almost 20 years of post-qualification experience, 15 years of which has been accumulated while occupying various senior financial roles within the group.
Woolworths said it will inform the market once its board has appointed Isaacs’s permanent replacement.
The group’s share price traded almost 2% in the red at R64.40 in early morning trade on Wednesday as the market digested the news of Isaacs’s resignation – per Moneyw
