{"id":16470,"date":"2025-12-01T09:47:44","date_gmt":"2025-12-01T07:47:44","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/sas-pick-n-pay-cfo-lerena-olivier-to-step-down-in-2026\/"},"modified":"2026-02-27T16:31:36","modified_gmt":"2026-02-27T14:31:36","slug":"sas-pick-n-pay-cfo-lerena-olivier-to-step-down-in-2026","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sas-pick-n-pay-cfo-lerena-olivier-to-step-down-in-2026\/","title":{"rendered":"SA&#8217;s Pick n Pay CFO Lerena\u00a0Olivier to step down in 2026"},"content":{"rendered":"<div>South Africa\u2019s (SA) Pick n Pay said on Monday its Chief Financial Officer (CFO), Lerena\u00a0Olivier, will step down after the retailer\u2019s annual general meeting next year, as the retailer battles mounting losses and fierce competition.<\/div>\n<div><\/div>\n<div>The company has appointed Tina Rookledge, a former Regional Managing partner at EY Western Cape, to join in February 2026 and take over as CFO in August following a structured handover period.<\/div>\n<div><\/div>\n<div>Pick n Pay, one of SA&#8217;s biggest grocery chains, is working to cut losses and aims to break even by 2028 as it faces stiff competition from Shoprite and Woolworths.<\/div>\n<div><\/div>\n<div>The leadership change comes as the group pursues a turnaround strategy focused on operational performance, sustainable growth and long-term value creation.<\/div>\n<div><\/div>\n<div>Olivier, CFO since 2019, will remain in an executive role overseeing priority projects critical to that strategy, the retailer said. She helped steer the company through the Covid-19 pandemic, the 2021 KwaZulu-Natal riots, opens new tab and a two-step recapitalisation, opens new tab programme in 2025.<\/div>\n<div><\/div>\n<div>&#8220;In her new role at Pick n Pay, Rookledge\u00a0will leverage her experience to support the Group&#8217;s turnaround strategy, focusing on operational performance, sustainable growth, and long-term value creation for stakeholders,&#8221; Pick n Pay said.<\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":16471,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-16470","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Pick n Pay said on Monday Lerena\u00a0Olivier, will step down","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/16470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/16470\/revisions"}],"predecessor-version":[{"id":20265,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/16470\/revisions\/20265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/16471"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=16470"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=16470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}