Pharmaceutical retailer Dis-Chem's Ivan Saltzman is stepping down as CEO at the end of June after more than four decades at the helm.
The company, which also released a full-year trading update that showed it had delivered double-digit earnings growth, said Julia Pope, who is currently the executive head of finance, and will take over as CFO. for Dis-Chem's share price and other dataA deep dive into the big business story of the week, as well as expert analysis of markets and trends.
Dis-Chem said Saltzman had also committed to divest of 32.25-million Dis-Chem shares owned by the Saltzman family to Morais and a group of key senior executives. "Under his leadership Dis-Chem evolved from a family business to a leading listed, and proudly South African, corporate business."