The chief executive of South Africa’s Pioneer Food Group has announced his retirement.
Roux, who has been Pioneer’s CEO since 2013, informed the board he intends to retire on 1 October, though he will remain as a strategic adviser until the end of November 2019.
Go deeper with GlobalData
He will be replaced by Tertius Carstens, who has been with the company for more than two decades, the company said. He 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.
In May, Pioneer, a maize, cereal, bread and beverages producer, which owns brands including ProNutro cereal and Safari snacks, revealed its profits had slumped during the first half of its financial year, with the business citing pressure from maize costs.
See Also:
A new chief financial officer, Felix Lombard, was appointed in the same month.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
