Christo Wiese has relinquished his role on the board of fashion retailer New Look.
Wiese, who has been embroiled in the scandal engulfing Steinhoff, which has retail interests including Harveys and Bensons for Beds, has also scaled back links with Brait, the investment vehicle with stakes in businesses including Iceland.
Brait said that “due to time constraints”, Wiese has retired with immediate effect as a non-executive director of New Look and as chairman of Brait South Africa Proprietary Limited, a contracted corporate advisor to Brait.
He will retain his non-executive directorship of Brait and has appointed his son Jacob Wiese as an alternate. Jacob Wiese has also stepped down from the board of New Look.
Brait non-executive director Chris Seabrooke will represent Brait as a non-executive on the boards of Iceland, New Look and Brait’s other investments, Virgin Active and South African food producer Premier.
New Look executive chairman Alistair McGeorge said: “I would like to take this opportunity on behalf of the board to thank Christo and Jacob for their contribution to the company. I am delighted to welcome Chris to the board and look forward to working with him.”