Steinhoff Africa Retail brings in heavyweight businesswoman Wendy Luhabe
Steinhoff Africa Retail (STAR) on Monday announced the appointment of Wendy Luhabe to its board as independent non-executive director, with effect from January 1, 2019.
Luhabe is an experienced businessperson who has served in boards of various companies, including the Industrial Development Corporation, Vodacom and the JSE.
STAR said in statement Luhabe “has been appointed as an independent non-executive director of the board of STAR, with effect from 1 January 2019.”
She started her career 37 years ago, and is one of the founding directors of Women Investment Portfolio Holdings, a leading black women-owned investment company.
In 2002 she founded the multimillion dollar Women Private Equity Fund, which invests in women-owned or -led businesses.
STAR chairperson Jayendra Naidoo welcomed Luhabe’s appointment, describing her as someone with an “impressive track record as a business leader" who has "made a huge impact in the business community in South Africa.”
Luhabe’s appointment follows the departure of Ben la Grange, who resigned as non-executive director of STAR in January.
STAR, which was established following a decision to separate Steinhoff’s emerging and developed market retail businesses, listed on the JSE in September 2017.
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