Pick n Pay’s finance chief to retire
Bakar Jakoet’s tenure as CFO has been invaluable, says chair Gareth Ackerman
Bakar Jakoet, Pick n Pay’s finance chief since 2011, is set to retire, the retailer said on Friday. Jakoet, 62, will remain in the position until a successor is appointed, Pick n Pay said. Thereafter, he will serve in a non-executive capacity on the board. “The board of directors is finalising the appointment of a successor and shareholders will be updated in due course,” Pick n Pay said. The retailer’s chair, Gareth Ackerman, said: “Bakar’s contribution to the company over 34 years has been immense”. “Bakar’s tenure as CFO has been invaluable over an extremely important period in our history. “Although Bakar reached the technical retirement age a few years ago, we persuaded him to stay on for a while, and that has been very important for the company,” Ackerman said. hedleyn@businesslive.co.za
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.