Pepkor CEO steps down, to be replaced by former boss

The original article can be found here.

Article highlights:

  • Pepkor CEO Leon Lourens will step down at the end of September, and will be replaced with the company’s previous CEO Pieter Erasmus. 
  • Lourens, who is in his fifties, informed the board that he was taking an early retirement.
  • Erasmus served as Pepkor’s CEO from 2001 to 2017.