The Board of The Foschini Group Limited announced that Mr. Anthony Thunström has been fulfilling the role of executive financial director of the Company since 1 December 2023. It was further announced that the Board had commenced a process to recruit a Chief Financial Officer (CFO). The board also announced the appointment of Mr. Ralph Buddle as CFO of the Company with effect from 1 April 2024.

The appointment follows an extensive internal and external executive search. Mr. Buddle, who has been the Group's Head of Finance & Advisory since September 2023, is an experienced Chartered Accountant with an extensive understanding of the retail sector. Mr. Buddle previously served as interim CFO of Oceana Group Limited and as a senior finance executive at Woolworths Holdings Limited.