Steinhoff shareholders gave up expecting good news long ago; the best they hope for these days is that things are reasonably on track and that no new crisis has emerged on a previously unknown front. Inevitably every Sens announcement is greeted with a certain trepidation and processed through deep levels of scepticism.

And so it was with this week’s announcement that CFO Philip Dieperink would be stepping down after the 2019 AGM, which is to be held on August 31. He is not only retiring as CFO, he will also be stepping down from the management board.

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