News Formal

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

  • 📰 News24
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 80%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: News24 - 🏆 4. / 80 Read more »