The Foschini Group Limited (TFG) has made a significant move to strengthen its board of directors with the appointment of two highly accomplished individuals as independent non-executive directors. The newly appointed directors, Mr. Jan Potgieter and Mr. Nkululeko Sowazi, will bring extensive experience and expertise to the board, enhancing the company’s governance and strategic decision-making capabilities.
Jan Potgieter, a seasoned Chartered Accountant (SA), has held senior executive positions in the manufacturing, retail, and supply chain sectors. Most notably, he served as the Chief Executive Officer of Italtile Limited and previously held the CEO position at Massdiscounters, a division of Massmart. Potgieter also held significant roles at Clover and SABMiller, gaining valuable financial insights. Currently, he serves as a non-executive director on the boards of Italtile Limited and Fortress Real Estate Investments Limited, while also chairing Janette Media Consulting.
Nkululeko Sowazi brings over 30 years of senior executive and investment management experience to TFG. As the Executive Chairman and co-founder of Tiso Investment Holdings, a Pan African investment holding company, Sowazi has been instrumental in driving growth and development in South Africa and Ghana. Previously, he served as Chairman of Kagiso Tiso Holdings (KTH) and currently holds non-executive director positions on the boards of Sappi Limited, Grindrod Limited, and MTN Group Limited. Sowazi’s involvement in not-for-profit organizations and his academic background, including a Masters degree from the University of California, Los Angeles (UCLA), further demonstrate his vast expertise.