Steinhoff chairperson Heather Sonn resigns

Steinhoff cha irperson Heather Sonn resigns #eNCA

2020-05-18 04:43:00 PM

Steinhoff cha irperson Heather Sonn resigns eNCA

Heather Sonn discovered that she had unwittingly completed a transaction without declaring a potential conflict of interest.

Steinhoff made headlines in December 2017 when then CEO Markus Jooste resigned in an accounting scandal that saw the company’s share price collapse.JOHANNESBURG -Steinhoff chairperson Heather Sonn has resigned.This comes after discovering that she had unwittingly completed a transaction without declaring a potential conflict of interest.

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Sonn is a shareholder in the investment company Gamiro. Gamiro completed a transaction with Geros Financial Services more than two years ago which in turn may have been associated with, and indirectly funded by Steinhoff.READ:Matjila 'responsible' for Steinhoff losses

Sonn says she would have made disclosures had she been aware of this. Read more: eNCA »

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