The Foschini Group Limited announced that Doug Murray will retire as CEO of the group, effective September 3, 2018 at the company's AGM, and will become a non-executive director September 3, 2018. Anthony Thunström, currently the CFO of the group, now becomes CEO designate to ensure a smooth handover and will officially assume the position of CEO of the group on Doug's retirement at the AGM. A process to recruit a CFO will commence with immediate effect.