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Pioneer Foods MD to retire

Oct 16 2012 12:01 I-Net Bridge

Company Data

PIONEER FOOD GROUP LIMITED [JSE:PFG]

Last traded 0
Change 2,91
% Change 0
Cumulative volume 258558
Market cap 26.99bn

Last Updated: 24-10-2014 at 04:24. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Pioneer Food Group [JSE:PFG] has announced the retirement of André Hanekom as group managing director with effect from 31 March 2013.

"André has served Pioneer Foods loyally for more than 24 years‚ the last 19 of which as CEO. We are facilitating a change in chief executive officer at this time to position the business appropriately for growth in years to come‚ as the economic environment improves and our investments in growth capacity come on stream. We thank André for his dedicated service‚" said KK Combi‚ chairperson of Pioneer Foods.

The nominations committee of the board will lead the search process for a group managing director designate and consider both internal and external candidates as required.

Hanekom will continue to act as group managing director to 31 March 2013 and be available to the company to 31 March 2014 to ensure a smooth transition.

“I'm grateful for what we've accomplished‚ establishing Pioneer Foods and developing the business to participate in key growth markets. The company is well positioned with talented divisional management to respond to the opportunities and challenges ahead‚" said Hanekom.

No further comment will be made before the conclusion of the nominations process‚ the company said.

 
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