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Leadership changes at Edcon

14 June 2016

Edcon Holdings Limited wish to inform bondholders of changes to the leadership of the Edcon team.
Chief financial officer

Edcon takes pleasure in announcing the appointment of Richard Vaughan as Chief financial officer and a member of the Edcon Holdings and Edcon Limited boards with immediate effect.

Richard Vaughan – who has been the deputy group CFO for 4 years – is a qualified Chartered Accountant and has significant experience in a diverse set of roles including with Goldman Sachs and Deutsche bank. His transition into the group CFO role is logical and will ensure a smooth handover from Toon Clerckx who had indicated that he would like to move on at some point in the future. Please join me in congratulating Richard to this important appointment and support him in his future success.

The Board would like to thank Toon for his contribution and devotion to the job at hand, combined with the tireless efforts in calibrating our debt and ownership issues is a reflection of his hard work and commitment to the company.


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