Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

CEO of South Africa’s Tiger Brands to step down; shares up

[post_slider]

Tiger Brands (TBSJ.J.), the largest food producer in Africa, had a nearly 12% increase in shares early on Friday after announcing that Tjaart Kruger will succeed Noel Doyle as CEO effective November 1.

Most fast-moving consumer products firms in South Africa have experienced challenges such as inflation, high borrowing rates, and increased expenses from coping with the effects of rolling daily power outages. This has negatively impacted their profitability, margins, and annual goals.

After “the Board concluded that new leadership was required to respond to the challenges currently facing the company,” according to Tiger Brands, the decision to cease Doyle’s employment was made jointly.

After nearly two decades, he will also be departing the business, according to a statement from it.

Doyle will be available to help transition to Kruger, the former CEO of competitor Premier Foods (PMRJ.J.), until March 31. Tiger Brands announced that the new CEO has signed a 26-month contract with them.

An important turning point in the South African food business has been reached with the departure of the CEO of Tiger Brands. The main aspects and repercussions of this event have been thoroughly covered in this essay. The way the industry reacts going forward, as well as the initiatives taken by the new CEO, will undoubtedly shape the future of the food industry in South Africa.

00:00
08:11

TRENDING

Related Posts

Illuminating the Promise of Africa.

Receive captivating stories direct to your inbox that reveal the cultures, innovations, and changemakers shaping the continent.

    Follow us!
    Copy Link