Mass management walkout under way at Star’s Tekkie Town
The crisis of leadership created at Steinhoff Africa Retail (Star) subsidiary Tekkie Town following the immediate resignation of its CEO and chief operating officer appears to have been compounded, following news that a raft of senior managers have resigned as well. Tekkie Town CEO Bernard Mostert, who is also the CEO of the speciality fashion and footwear division, announced his resignation on Tuesday morning following what he termed a “hostile” and “personal” campaign to undermine him by Star’s leadership team, led by CEO Leon Lourens. Mostert was joined by his right-hand man, Dawie van Niekerk, the divisional chief operating officer. "It has become completely impossible for us to manage the business in a way that is true to our own personal values and the performance we have and would like to deliver," Mostert said by phone on Tuesday morning Mostert confirmed the relationship with the rest of the Star executive came under stress as animosity developed between the Star senior lea...
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