Pick n Pay Stores Limited has announced the resignation of an independent non-executive director. Ms. Mariam Cassim has stepped down due to increased demands from her executive role in the Vodacom Group. This change is effective from 5 July 2024.
Resignation Details
Ms. Mariam Cassim will no longer serve as a director at Pick n Pay. She also resigns from the Audit, Risk, and Compliance Committee. Additionally, she steps down from the Finance and Investment Committee.
| Position | Committee Memberships | Resignation Date |
|---|---|---|
| Independent Non-Executive Director | Audit, Risk, and Compliance | 5 July 2024 |
| Finance and Investment |
Reason for Resignation
Ms. Cassim’s responsibilities at Vodacom Group have increased. She decided to resign due to the growing demands on her time. This decision aligns with her need to focus on her executive role.
Impact on Annual General Meeting
Ms. Cassim will not stand for re-election at the upcoming Annual General Meeting. Shareholders will need to consider this change during the meeting.
Company’s Response
The Pick n Pay Board expressed its gratitude to Ms. Cassim. They acknowledged her valuable contributions during her tenure. The Board respects her decision and wishes her success in her future endeavors.
Conclusion
Ms. Mariam Cassim’s resignation marks a notable change for Pick n Pay Stores Limited. Her decision, influenced by her growing responsibilities at Vodacom, reflects a need to balance her professional commitments. The Pick n Pay Board respects her choice and acknowledges her contributions. The market will closely observe the company’s next steps in addressing this transition.