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Management and Directors
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Edcon Holdings (Proprietary) Limited has a unitary board structure comprising two
executive directors and five non-executive directors. The address of our directors
is Edgardale, 1 Press Avenue, Crown Mines, Johannesburg, 2092, Republic of South
Africa. The members of Edcon Holdings (Proprietary) Limited's board of directors
are as follows:
Jürgen Schreiber -Mr Schreiber was appointed group chief executive
officer of Edcon, effective 1 April 2011 and will serve on the board of directors
as an executive director. Mr Schreiber was, until recently, president and chief
executive officer of Canadian health and beauty retailer Shoppers Drug Mart Corp,
a publicly traded company, with approximately 45,000 employees, sales of over C$10
billion and a network of over 1,300 stores across Canada.
Stephen M Ross -Mr Ross was appointed group chief executive officer
of Edcon in 1998 and has served on the board of directors throughout this period.
Mr Ross has more than 25 years of experience in both wholesale manufacturing and
apparel retailing, having worked for companies such as Macy's, Lord & Taylor, Sears
and Philips-van-Heusen. Mr Ross received a B.A. from Washington & Jefferson College.
Dr Urin Ferndale - Dr Ferndale joined Edcon in 1999 as the group
human resources director. In September 2007 he was appointed as chief executive:
retail operations. Prior to joining Edcon, Dr Ferndale was employed as personnel
manager, human resources manager and labour relations manager at several listed
companies and parastatal entities. Dr Ferndale holds a PhD from the University of
Johannesburg and a B.A. and an M.A. from the University of the Western Cape.
Matt Levin - Mr Levin joined Bain Capital in 1992. He was promoted
to Managing Director in 2000. Prior to joining Bain Capital, Mr. Levin was a consultant
at Bain & Company where he consulted in the consumer products and manufacturing
industries. Mr. Levin received an MBA from Harvard Business School where he was
a Baker Scholar. He received a BS from the University of California at Berkeley.
Mr. Levin currently serves as a director of Bombardier Recreational Products Inc.,
Dollarama Capital Corp., Guitar Center, Inc., Michaels Stores, Inc., Toys R Us Inc.,
Liliput Inc, and Unisource Worlwide, Inc.
Dwight Poler - Mr Poler was appointed director of Edcon Holdings
(Proprietary) Limited in 2007. Mr Poler is a managing director at Bain Capital,
which he joined in 1994. Previously, Mr Poler was at Bain & Company, and prior to
that he worked in the mergers and acquisitions department at Morgan Stanley & Co.
Mr Poler is a member of the board of directors of Toys "R" Us Holdings, Inc. Mr
Poler received an M.B.A. from the Amos Tuck School at Dartmouth and a B.A. from
Amherst College.
Edward Berk - Mr Berk was appointed director of Edcon Holdings
(Proprietary) Limited in 2007. Mr Berk is a principal at Bain Capital, which he
joined in 1997. Previously, he was a consultant with Bain & Company and also worked
in the European mergers and acquisitions group at Banque Paribas. Mr Berk received
an M.B.A. from Harvard Business School and a B.A. from Harvard University.
Marc Valentiny - Mr Valentiny was appointed non-executive director
of Edcon Holdings (Proprietary) Limited in November 2009. Mr Valentiny is an Operating
Partner at Bain Capital, which he joined in 2003. Prior to joining Bain Capital,
Mr Valentiny was Managing Director of Rexel UK and Northern Europe. Previously he
was Vice President Strategy and Planning of the Pinault-Printemps-Redoute group,
controlling shareholder of Rexel. Prior to that, he was Senior Manager at McKinsey
& Company, worked for Braxton Associates, and served as an Officer in the French
Air Force. Mr Valentiny received an MBA from Harvard Business School, a Master in
Civil Engineering from ENPC and is a graduate from Ecole Polytechnique in France.
Zohra B Ebrahim - Ms Ebrahim was appointed director of Edcon in
1999. Ms Ebrahim is Chairman of the Remuneration and Nominations Committee and is
a member of the Transformation Committee. She is past president of the Institute
of People Management and has advised government at various levels on aspects of
housing policy. Ms Ebrahim holds a B.A. and a Higher Diploma in Education from the
University of Cape Town.
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Our board of directors has delegated authority for the day-to-day affairs of each
of the department store, discount and group services divisions, to our executive
managers. Our executive management team is mandated to assist in reviewing the operations
of and performance by Edcon Holdings (Proprietary) Limited and its subsidiaries,
developing strategy and policy proposals for consideration by our board of directors
and implementing the directives of the board. Our executive management team consists
of the individuals indicated below:
Stephen R Binnie - Mr Binnie was appointed as chief financial officer
of Edcon in 2002. Mr Binnie has been a senior financial manager for over 15 years,
including a group financial manager at Investec from 1998 - 2002. Mr Binnie holds
a BCom and a BAcc from University of Witwatersrand, and an M.B.A. from Heriot-Watt
University. Mr Binnie is a qualified chartered accountant.
Mark R Bower - Mr Bower joined Edcon in 1990 and is currently the
deputy chief executive officer of the group. Mr Bower is responsible for group-wide
services such as finance, secretarial, credit, human resources, IT, strategic planning,
property development, and investor relations. Previously, Mr Bower was an audit
partner. He has been a director of a number of listed companies for 23 years. Mr
Bower has been a trustee of the Eden Trust/Thuthuka Bursary Fund for the advancement
of Black Chartered Accounts since 1989. He holds a BCom from Natal University and
BCompt from University of South Africa.
Hugues Witvoet - was appointed as chief executive of the Department
Store Division in August 2008. Mr Witvoet is from Paris and has lived and worked
in Asia, Central America and the UK. He has extensive retail experience with AS
Watson, LVMH and Carrefour, in addition he has worked for McKinsey & Co. Mr Witvoet
is a graduate of Essec Business School.
Christo Claassen - was appointed chief executive of the Discount
Division in July 2008. In his previous portfolio he was responsible for group strategy
as well as group property development. Mr Claassen joined Edcon in 2004 as the Business
Development Executive in the Discount Division. He is a qualified chartered accountant
and holds an M.B.A. in Retailing from Stirling University in Scotland. Mr Claassen
was the CEO of Dunns prior to joining Edcon.
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