Pick n Pay Stores Limited announced that Richard Brasher confirmed at the publication of the Group's annual financial results on 12 May, that, while he intended to step down from his role as CEO, he would continue to lead the Group through the current COVID-19 crisis. To provide certainty and continuity, the Board is pleased to confirm that Richard remain with the Group until a suitable successor has been appointed, or until 31 March 2022, in line with the Group's normal retirement policy.