End of an era for Dis-Chem
Saul Saltzman, the son of Dis-Chem founders Ivan and Lynette Saltzman, has resigned from the healthcare retailer’s board.
Saul Saltzman has resigned from the Dis-Chem board, joining a growing host of changes for the JSE-listed retailer.
Saul initially resigned as an executive director on 27 February 2026, having served in the role for 19 years.
However, he has now informed the board of his decision to resign as a Non-Executive Director, effective 17 July 2026.
The board expressed its appreciation to Saul for his contributions, commitment, and dedicated service to the company over many years.
Saul’s resignation from the board joins a long list of executive changes at the JSE-listed retailer, with his father also resigning as executive director on 30 June.
Ivan is still serving on the JSE-retailer’s board since his resignation as an executive director. He stepped down as CEO in 2023, with then-CFO Rui Morias taking over.
Lynette also stepped down as executive director in 2022 to focus on an operational role within the retailer’s beauty category.
In June 2025, the founders’ other sons, Dan and Mark Saltzman, also inherited billions of company shares as part of a larger restructuring of the Saltzmans’ wealth.
Dan and Mark then sold shares worth around R320 million between January and February of this year.
Despite his large stake, Dis-Chem has distanced itself from Mark due to now-deleted tweets, for which he has been accused of racism and sexism.
The Saltzmans are one of the richest families in South Africa, with Bloomberg estimating their wealth at $1.3 billion.
Outside of the Saltzman family, Stanley Goetsch, who had been at the company for 42 years, also retired as an executive director on 30 June 2026.
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