NEWS ANALYSIS: Who is Stéhan Grobler, Steinhoff’s man behind the scenes?
After three decades behind the scenes, Stéhan Grobler is now in the spotlight. Having met former Steinhoff International Holdings CEO Markus Jooste three decades ago, 59-year-old Grobler went on to serve as a longstanding executive while the retailer expanded across the world. But when an accounting scandal erupted at the South African company in December, the lawyer was left exposed. Last week Grobler became one of just three people to have been publicly sanctioned by Steinhoff for their role in the crisis, which has left the company’s finances in tatters and wiped out billions of rand in market value. While Jooste quit immediately and is being investigated by police at the behest of the company, Grobler and former CFO Ben la Grange — who will appear in parliament on Wednesday — were suspended eight months later as part of an ongoing investigation by auditors at PwC. Grobler declined to comment on his work for Steinhoff when contacted by phone and email, citing confidentiality agre...
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