By Lehlohonolo Lehana.
Photo Credit: Karin (Kok) Henriques.
Pepkor Holdings Limited announced that Wendy Luhabe had advised the Board that she will resign from the board with effect from June 30, 2026, citing a desire to scale back her board commitments.
The JSE-listed group is behind PEP, Ackermans and HiFi Corp.
In a statement released on Tuesday, the company advised shareholders and noteholders that Luhabe will officially step down from the board and her committee roles with effect from 30 June 2026.
Luhabe has served as a director of Pepkor since January 2019 and was appointed as Chairperson of the Board with effect from December 1, 2020.
She also serves as Chairperson of the Nominations Committee and will step down from this Committee upon her resignation from the Board.
She stepped down as Chair of food group Libstar last year. Former Sanlam Group CEO Ian Kirk, currently Pepkor’s lead independent director, will act as Chair while a successor is sought.
Luhabe retains a non-executive board seat at Swiss luxury group Richemont.
She has more than 30 years of board experience in executive compensation, executive succession, corporate governance, risk management, corporate social responsibility, board nominations and ESG.