Dis-Chem's CEO is stepping down - but his new role raises questions | Business

📆 16/05/2023 12:45:00
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Dis-Chem founder Ivan Saltzman is stepping down as CEO – but his decision to remain in an executive role has raised some questions about whether he is really relinquishing power. | News24_Business

Saltzman, who founded the company with his wife Lynette in 1978, will exit the top position at the end of June. Chief financial officer Rui Morais will take over as CEO.

But Saltzman will stay an executive director and"an active member of the executive management team", focusing on the expansion of stores.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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Dis-Chem CEO steps down after sometimes controversial 40 years at the helm | BusinessPharmaceutical retailer Dis-Chem's Ivan Saltzman is stepping down at the end of June as CEO after more than four decades at the helm. | News24_Business
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