Invicta’s new CEO pick Joffe might be an inspired bet

Business

Invicta’s new CEO pick Joffe might be an inspired bet

And the market appeared to appreciate fresh eyes to look over the company's sprawling operational base

Marc Hasenfuss

Industrial supplies conglomerate Invicta – which is controlled by retail tycoon Christo Wiese – certainly surprised the market with the appointment of Steven Joffe as new CEO.

Joffe replaces long-serving executive Arnold Goldstone, who was nudged back into the CEO’s chair two years ago after the departure of Charles Walters (now the CEO at mining group Assore).

Joffe might not have been the obvious choice to succeed Goldstone, but his appointment might well prove an inspired leadership shift...

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