PICK N PAY APPOINTS INSIDER OLIVIER AS NEW CFO

Pick and Pay. Picture: Sethembiso Zulu/EWN

Supermarket chain Pick n Pay Stores Ltd has appointed senior executive Lerena Olivier as chief finance officer with effect from 6 September, it said on Wednesday.

The country’s third-largest grocery store chain by market capitalisation announced in April that CFO Aboubakar Jakoet would retire after 34 years with the group once a successor had been appointed.

Lerena, with 18 years of experience with JSE-listed companies in the retail sector, has been a senior executive within Pick n Pay’s finance division for the past eight years, where she has worked closely with Jakoet.

Jakoet will continue to serve in a non-executive capacity on the Pick n Pay board, the retailer, which pitches itself as a more affordable alternative to the likes of Woolworths and Shoprite’s Checkers, said

Source – Reuters

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