Shoprite investor moves to counter Wiese’s dominance as search for new chair heats up

PUBLISHED: Thu, 21 Nov 2019 12:31:45 GMT


It is almost a week since Shoprite Chairman Christo Wiese announced that he will be retiring at the group’s next AGM meeting after serving on the board for almost 3 decades. The shakeup in Shoprite leadership started before Friday’s announcement by Shane Watkins, CEO at All Weather Capital when he nominated Jan le Roux, a former CEO of Pepkor, as a non-executive director of Shoprite to counter Wiese’s dominance. Shane Watkins joins CNBC Africa for more.

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