Foschini Group (ASX:TFGJ) has announced the resignation of Bongiwe Ntuli as their Chief Financial Officer (CFO) and Executive Director.

This significant change to the executive board sees the departure of a key financial figure in the company.

In addition to her CFO role, Ntuli was also an executive director of the company.

Following the announcement of her resignation, Anthony Thunström will assume dual responsibility as the CEO and Executive Financial Director.

He will be taking over these roles from 1st December until a new CFO is appointed.

Foschini Group (ASX:TFGJ) is a leading multinational retail company.