Mark Bower, the group’s current chief financial officer and deputy chief executive officer, will be retiring after being with the company for 24 years.
“Mark has been an important and integral part of the senior leadership team of Edcon and he will remain with the company for the next six months as part of the plan to ensure a smooth handover. The board would like to express their appreciation and gratitude for the commitment and invaluable contribution Mark has made to the business,” said the company in a statement.
Bower will be succeeded by Toon Clerckx, former CFO of the multinational pharmacy, Boots Health and Beauty, effective by the 17 February 2014.
Clerckx holds a Masters degree in applied economics from Antwerp University and has worked in several senior finance roles in the United States and Europe.
Edcon’s Discount Division has also appointed Garth Napier as their new chief executive officer effective immediately.
Napier holds an MBA from Harvard Business School USA and was employed as a manager at the global management consulting firm, McKinsey and Company prior to joining Edcon in 2008 as a strategic assignment executive.
Napier replaces Christo Claassen who has resigned from the group.
“We are excited about the changes we are making in the team. Toon and Garth bring with them a wealth of experience and fresh energy which will only strengthen our group,” said Jurgen Schreiber, chief executive officer of Edcon.