Philip Dieperink, financial director of furniture giant Steinhoff, will give up after more than a year. He will stop on 31 August after the annual shareholders’ meeting as the person with final financial responsibility and will leave the company at the end of this year. His successor is Theodore de Klerk, currently operational director at Steinhoff.

The reason for Dieperink’s departure was not disclosed. He was appointed fairly early in 2018 when Pastor Ben La Grange was forced to resign his duties.

Steinhoff has been under the spell of an accounting scandal for some time. The furniture giant averted bankruptcy for the time being. Daughter Mattress Firm also got into bad weather, but came out of moratorium after a major restructuring. Dieperink has worked for Steinhoff for years.

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