Before taking a family picture at the Dis-Chem AGM on Friday, Lynette Saltzman fixed her son Saul's collar. He is the 36-year-old group executive of the pharmaceutical retailer Dis-Chem, and has been punted as the next CEO as the family talks succession planning. Ivan Saltzman, CEO and co-founder of Dis-Chem, who has been running the company since 1978 and has been in his position for 12 years, said on the sidelines of the AGM that a succession plan was "still in the works". "I still intend on running my company with my family for a while," said Saltzman. "Obviously nothing is forever, so we do occasionally talk about it and think about it, but there are no concrete plans. "We have a lot of talent coming through," he added. Despite being in business for more than 30 years, Dis-Chem listed on the JSE just nine months ago, with the family trust owning 67% of the retailer. Other investors sold some of their shareholdings as part of Dis-Chem's JSE listing last year. Bright Khumalo, a po...
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