Christo Wiese resigned from the board of Brait’s UK retailer New Look on Tuesday, Brait said on Wednesday morning.Wiese will remain a nonexecutive director of Brait, but resigned as chairman of Brait SA, which acts as the group’s corporate adviser. Brait’s overall chairman is former deputy finance minister Jabu Moleketi.Wiese’s resignations from his positions in Brait follow his resignation on December 15 as chairman of Steinhoff International in the wake of its accounting scandal.Brait said the chairman of its audit committee, Chris Seabrooke, would replace Wiese on the board of New Look and as chairman of Brait SA.Seabrooke was also appointed a nonexecutive director of Brait’s other subsidiaries, Virgin Active, Premier and Iceland Foods.Brait said Wiese had notified its board he intended retiring, effective on May 8, from New Look and Brait SA "due to time constraints".The investment holding company, which is about 35% owned by Wiese, said in its interim results for the six months...

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