Steinhoff International Holdings N.V. announced that Danie van der Merwe (60), who has been Acting CEO since 19 December 2017, having accomplished the goals set out above, has now decided to step down from this position effective 31 December 2018. He will be succeeded by Louis du Preez. Danie will remain with the Group until 1 December 2019, during which period he will assist the incoming CEO and the Management Board. Louis du Preez, presently Commercial Director, who has, together with Philip Dieperink, CFO, been leading the negotiations in the restructuring of the Group, has been designated as the new CEO. Louis joined the Steinhoff group in mid-2017 and was nominated as Commercial Director and member of the Management Board on 19 December 2017.