Steinhoff Ex-CEO Says $56 Million Claim Is Vague, Embarrassing

Steinhoff International Holdings NV former Chief Executive Officer Markus Jooste sees the retailer’s claim for more than 850 million rand ($56 million) against him as “vague and embarrassing.”

The owner of Poundland in the U.K. and Pep stores throughout Africa said in June it will look to claw back base salaries, bonuses and other incentives paid to Jooste since 2009 because of his role in the accounting crisis that triggered the retailer’s near-collapse.

Jooste’s planned exception to Steinhoff’s claim includes the assertion that the company failed to provide enough detail of his employment contract in the lawsuit, including whether certain ...