Massmart Holdings Limited announced the appointment of Mohammed Abdool-Samad as Chief Financial Officer and Executive Director of the Company with effect from 1 August 2019. Mohammed succeeds Johannes (Hans) van Lierop who in February 2019 indicated that he was not available to extend his tenure with Massmart for personal reasons. Hans will therefore step down as Chief Financial Officer and Executive Director at the end of July 2019 but will remain in Massmart until later in the year in an advisory capacity to support Mohammed through a handover period.

Mohammed joins Massmart from Illovo Sugar Limited ("Illovo") where he was Group Finance Director. Prior to joining Illovo in 2011, Mohammed spent a decade in various executive finance roles within Anglo American plc.