Edcon quietly bids CFO farewell

26 June 2016 - 02:02
By PALESA VUYOLWETHU TSHANDU

Edcon chief financial officer Toon Clerckx quietly stepped down from his position last week - so quietly, in fact, that no one noticed. His departure has once again thrown a spotlight on the group's troubles. Clerckx was with the ailing retail group for more than two years and part of the strategic team brought in to drive the group's debt-restructuring initiatives, after it declared a R714-million loss in the three months through to June 2013.

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