The chief executive of South Africa’s Pioneer Food Group has announced his retirement and will be replaced by Tertius Carstens, who has been with the company for more than two decades, the company said on Friday.
Phil Roux, who has been CEO since 2013, informed the board that he intends to retire on Oct. 1, though he will remain as a strategic adviser until the end of November 2019, Pioneer said in a statement.
The company, a maize, cereal, bread and beverages producer, said that Carstens, who has been with the company since 1994, will take over from Roux in October.
Carstens has been a member of the senior executive leadership team at Pioneer for more than 15 years and currently leads its Essential Foods division, the group’s largest profit driver, the company said.
Shares in Pioneer were down 3.1 percent at 122.79 rand at 1046 GMT, against a flat JSE All-share index.
By TJ Strydom
Source: Reuters
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.