Board of Directors

Pepkor is led by a highly experienced, committed and passionate leadership team.

Leon Lourens 

CHIEF EXECUTIVE OFFICER

HND (Human Resources), BCom (Marketing)

 

Leon was appointed as group chief executive officer on 6 December 2017. He completed a Higher National Diploma in Human Resources in 1987, before attaining a BCom degree in Marketing (Unisa) in 1994. He joined PEP in 1990. In 2000, he joined the supermarket group Panda in the Middle East as head of operations before returning to PEP in 2002. He was appointed as operations director in 2004 and became managing director of PEP SA in 2011. In 2016, Leon was appointed as Group MD: Pepkor Africa and he became chief operating officer of Pepkor Holdings at its listing on 20 September 2017. He has more than 28 years’ experience in retail, primarily from store operations in the discount sector of the market. Leon serves as a director on a number of subsidiary boards in the Pepkor group.

Member of the social and ethics committee

Member of the investment committee

Riaan Hanekom

CHIEF FINANCIAL OFFICER

BAcc, BCom Hons (Acc), CA(SA)

 

Riaan was appointed as group chief financial officer on 18 August 2017. He completed his articles with Ernst & Young in 1995, whereafter he spent six years with Shoprite as a financial manager. He joined Woolworths in 2001, and was the Woolworths retail operations group head of finance and administration when he joined the Pepkor group in 2006, as commercial director of Shoe City. He became the commercial director of Ackermans in 2008, and financial director of Ackermans in 2009. He was appointed as the group financial director of the Pepkor group in February 2016. Riaan serves as a director on a number of subsidiary boards in the Pepkor group.

Member of the investment committee

Wendy Luhabe

INDEPENDENT NON-EXECUTIVE CHAIRMAN

BCom

 

Wendy was appointed as an independent non-executive director on 1 January 2019 and as chairman on 1 December 2020. She has been a pioneer and a thought leader in the economic empowerment of women in South Africa for more than 27 years. She is a serial social entrepreneur and has been involved in human capital development and mentorship of younger generations. She graduated with a BCom and an Advanced Management Programme and is a recipient of four honorary doctorates. In 1993, Wendy pioneered the founding of WIPHOLD, South Africa’s first investment company for women, and in 2013, WPEF, South Africa’s first venture capital company for women. She has served as a non-executive director and chairman across diverse industries since 1992. She was chairman of Vodacom and Industrial Development Corporation and served as non-executive director of Tiger Brands and Telkom, among others. Wendy currently serves as chairman of Libstar Holdings Limited, and as non-executive director of Compagnie Financière Richemont SA.

Chairman of the nomination committee

Paula Disberry

INDEPENDENT NON-EXECUTIVE DIRECTOR

BA (Hons), MA (Cambridge)

 

Paula was appointed as an independent non-executive director on 1 June 2021. She holds a BA (Hons) and MA in Natural Sciences (Neurophysiology) from Cambridge. She has considerable retail experience, covering fashion, general merchandise and grocery, having held senior executive management positions at Woolworths and Pick n Pay. Paula also has significant international experience through her former roles with Tesco, BP, Colgate-Palmolive and Woolworths. She has previously served on the boards of the Country Road Group and Woolworths (African subsidiary boards and risk committee).

Member of the social and ethics committee

Hester Hickey

INDEPENDENT NON-EXECUTIVE DIRECTOR

BCompt (Hons), CA(SA)

 

Hester was appointed as an independent non-executive director on 1 June 2021. She is a CA(SA) and holds a BCompt (Hons). Hester has held non-executive positions in several JSE-listed companies and has significant experience as a member and chairman of audit committees. She was the former chairman of the South African Institute of Chartered Accountants. Hester currently also serves on the boards of Barloworld and Northam Platinum.

Chairman of the audit and risk committee
Member of the investment committee

Ian Kirk

INDEPENDENT NON-EXECUTIVE DIRECTOR

CA(SA), HDip BDP, FCA (Ireland)

 

Ian was appointed as an independent non-executive director on 1 June 2021. He is a CA(SA) and FCA of the Republic of Ireland. Ian most recently held the position of Group CEO of Sanlam, which he retired from in December 2020. Ian has had extensive strategic and operational management experience locally and internationally. The President of the Republic of South Africa appointed Ian as a member of the Presidential State-Owned Enterprise Council in June 2020. He currently also serves on the boards of the JSE, Transaction Capital, SCOR UK, The Channel Managing Agency Limited (UK) and Shriram General Insurance Company (India).

Chairman of the investment committee
Member of the human resources and remuneration committee

Zola Malinga

INDEPENDENT NON-EXECUTIVE DIRECTOR

BAcc (Hons), CA(SA)

 

Zola was appointed as an independent non-executive director on 1 June 2021. She is a CA(SA) and is the co-founder and executive director of Jade Capital Partners. Zola has experience in the financial services sector having held roles in investment banking, BEE finance, real estate finance and investment management. She serves as a non-executive director on the boards of Grindrod Bank and Sappi. Zola chairs the audit committee of Grindrod Bank and is a member of the audit committee of Sappi.

Member of the audit and risk committee
Member of the social and ethics committee

Isaac Mophatlane

INDEPENDENT NON-EXECUTIVE DIRECTOR

IT entrepreneur

 

Isaac was appointed as an independent non-executive director on 1 June 2021. He is the co-founder and a shareholder and director of the Randvest Group. Isaac also co-founded BCX in 1996, which was sold to Telkom in 2016, thereby creating one of the leading African ICT companies. Isaac has extensive insight into the technological developments and challenges facing companies such as Pepkor. He is an independent non-executive director of Exxaro, and Crossfin Technologies, a Fintech Investment holding company. He also serves as chairman of Bothomed, and as deputy chairman of the Catholic Education Investment Company.

Member of the human resources and remuneration committee
Member of the nomination committee

Steve Müller

INDEPENDENT NON-EXECUTIVE DIRECTOR

BAcc, BAcc (Hons), CA(SA), Sanlam EDP, IoDSA

 

Steve was appointed as an independent non-executive director on 18 August 2017. Steve worked at KPMG until 1992, after which he worked as a senior manager at Rand Merchant Bank Limited until 1994. In 1995, he joined Genbel Investments Limited, inter alia as an executive director of Gensec Bank Limited, heading the Investment Banking division from 1999 to 2004. From 2004 to 2008, he managed various structured equity funds for Sanlam Capital Markets. Steve has served as a non-executive director on the boards of several companies over the last 23 years. He is currently also an independent non-executive director of KAP Industrial Holdings Limited.

Chairman of the human resources and remuneration committee

Member of the audit and risk committee

Member of the investment committee

Fagmeedah Petersen-Cook

INDEPENDENT NON-EXECUTIVE DIRECTOR

BBusSc (Act.Sc.), FIFoA, FASSA, PGDip (MgtPrac), CD(SA), IoDSA (Cert.Dir.)

 

Fagmeedah was appointed as an independent non-executive director on 16 April 2018. She is an actuary with 24 years’ technical experience in the financial services sector. Until 2016, she was the chief investment officer at the Eskom Pension and Provident Fund (EPPF), where she was responsible for the investment of R120 billion. Fagmeedah was appointed to the board of the Government Employees Pension Fund (GEPF) to bring her expertise to the oversight of the investment activity of the PIC. In 2012, she was appointed as a member of the board of Telkom, where she chairs the investment committee. As an actuary, Fagmeedah brings enterprise risk management skills and multi-generational planning techniques to the boardroom. She believes in sustainability and was instrumental in developing the framework for the implementation of the UN PRI at both the GEPF and the EPPF, and now champions ESG principles at the various companies where she is involved. Fagmeedah is the designated insurance director for the group. Fagmeedah currently serves on the boards of Bankmed, Telkom SOC, Absa Financial Services, Absa Pension Fund and Famous Brands.

Chairman of the social and ethics committee
Member of the audit and risk committee
Member of the investment committee

Theodore de Klerk

NON-EXECUTIVE
DIRECTOR

BCom (Hons), CTA, HDip (Tax), CFM

 

Theodore was appointed as a non-executive director on 28 May 2019. He completed his articles with Ernst & Young and worked as a corporate tax consultant for four years. He joined Murray & Roberts as financial director of its marine construction operation. He spent five years with Gensec Investment Bank as part of its corporate finance advisory unit, focusing on mergers and acquisitions, capital raisings and related structuring functions. In 2003, he joined Steinhoff and he was appointed chief executive officer of the group’s southern African building materials division in 2008, a position he held until 2015. He was appointed financial director of Steinhoff International Holdings N.V. on 1 September 2019. Theodore holds various directorships within the Steinhoff group and is also a director of the IEP Group.

Member of the investment committee

Louis du Preez

NON-EXECUTIVE
DIRECTOR

BCom, LLB

 

Louis was appointed as a non-executive director on 24 January 2018. He qualified as an attorney of the High Court of South Africa in 1997. Louis joined Jan S de Villiers and was appointed a partner of the firm in 1998. With the merger of Werksmans Attorneys in 2009, he became a member of the national executive committee of the combined firm and served as such until early 2017. While practising as an attorney, he advised clients on a variety of corporate and commercial matters. Louis joined the Steinhoff group as general counsel in mid-2017 and was appointed as the commercial director and managing director of Steinhoff International Holdings N.V. on 19 December 2017. He became CEO of Steinhoff International Holdings N.V. with effect from 1 January 2019.

Member of the human resources and remuneration committee
Member of the nomination committee

Pieter Erasmus

NON-EXECUTIVE
DIRECTOR

BCom (Hons), CA(SA)

 

Pieter was appointed as a non-executive director on 12 January 2022. He completed his articles at Coopers Theron Du Toit (now PwC) in 1990. Pieter became group financial executive of Lenco Holdings Group in 1995 and fulfilled this role until 1998, when he joined PEP as financial director. He was appointed as group managing director of Pepkor Limited in 2001, a position he held for 16 years, until his resignation in 2017. Pieter previously served as a non-executive director of the company from 1 October 2018 to 29 January 2019. He is currently a director of, inter alia, the Vista group, a multi-jurisdictional Investment holding group.

Member of the human resources and remuneration committee
Member of the investment committee