Skip to main content

Christo Wiese steps down as Shoprite chairperson after 41 years

| On the move

Christo Wiese, the man who helped grow Shoprite from a small supermarket chain with eight stores to the pan-African food retailer that it is today will retire as a chairman of the company next month.

 

 

Londiwe Buthelezi

Shoprite said Wiese will step down as chairperson of its board after the company's annual general meeting (AGM) scheduled for the 16th of November, but will remain on the board as a non-executive director.

Wiese has been Shoprite's chairperson since 1979 when his Pep Stores acquired the food retailer. His retirement was first announced in November last year after 61.2% of shareholders voted against his re-appointment as a chairman in the 2019 AGM.

Shoprite said the current chairperson of the Absa Group,  Wendy Lucas-Bull, will be appointed as chair at the board meeting that will follow this year's AGM.

The group said Lucas-Bull's extensive banking and other sectors' experience as well as her expertise as a chairperson and non-executive director in other companies bode well for Shoprite.

Wiese said there was "no doubt her expertise, experience and leadership will be of considerable benefit to both the Board and the Shoprite Group.”

Pin It

Related Articles

After finishing school, Nosipho Magopeni-Makinana's studies were cut short due to financial constraints.
By: Nick Wilson – News24 Shoprite will be officially launching Sixty60 at some of its namesake brand's supermarkets later this month as SA's largest retailer looks to bring the popular on-demand grocery delivery service to its lower-income customer…
FNB and Pick n Pay are proud to announce the expansion of their partnership to add more value for all their FNB and RMB Private Bank’s customers.
From humble beginnings in Mdantsane, East London, to a leadership role at Africa's largest retailer, Kholiswa Mda’s journey is a testament to resilience, dedication and the power of seizing opportunities. 
 After an exciting launch to South Africa in front of more than 800 guests at Boxer’s Head Office in Westville, KwaZulu-Natal on Tuesday the 17th of September, the Boxer Rewards Club Card has made its debut in style!