Pick n Pay announces board changes and CEO contract extension

Pick n Pay Stores Limited (JSE: PIK) has announced upcoming changes to its Board of Directors, including the appointment of James Formby as the new Chair, effective August 5, 2025, following Gareth Ackerman's retirement. Sean Summers, CEO, has extended his contract until May 2028 to oversee the Group's strategic transformation. Pooven Viranna will join as an independent non-executive director from June 1, 2025. David Friedland will retire as an independent non-executive director from the 2025 AGM. Haroon Bhorat will be new Chair of the Social, Ethics and Transformation Committee (SETC) from May 26, 2025. Gareth Ackerman will remain on the Board as a non-independent, non-executive director.