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Pick n Pay Stores Limited (JSE:PIK) News - Retirement of Executive Director
Pick n Pay Stores Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1968/008034/06)
Share Code: PIK
ISIN code: ZAE000005443
PICK N PAY STORES LIMITED – RETIREMENT OF EXECUTIVE DIRECTOR
In terms of section 3.59 of the JSE Listings Requirements, shareholders are advised that
Ms Suzanne Ackerman-Berman will be taking early retirement from her position as
Transformation Director of the Pick n Pay Group with effect from 31 March 2022. The
Board extends its sincere thanks and appreciation to Suzanne for her passion,
dedication, and commitment to Pick n Pay, and for her tireless work in helping the most
vulnerable in society throughout her distinguished executive career.
Suzanne will continue to serve the Pick n Pay Group on the Board of directors in a non-
executive capacity. She will remain as Chair of the Board’s Social and Ethics Committee
and will retain her roles as Chair of the Ackerman/Pick n Pay Foundation, and as Chair of
the Feed the Nation Foundation.
The Group has put in place effective succession arrangements at executive level,
including a suitable handover with Suzanne. These successor arrangements will not
involve any new appointment to the Board of directors.
By order of the board
Cape Town
2 September 2021
Sponsor:
Investec Bank Limited
Date: 02-09-2021 11:00:00
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