Friday, 17 March 2017 12:08

Resignation of chief executive officer and director of Grand Parade Investments

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Resignation of chief executive officer and director of GPI.


In accordance with paragraph 3.59(b) of the Listings Requirements of the JSE Limited, Shareholders are hereby advised that executive director and Chief Executive Officer, Mr Alan Keet, will be leaving the board of GPI and vacating the position of Chief Executive Officer, to take up the new role of Chief Executive Officer of GPI’s Foods division (“Foods Division”) with effect from 20 March 2017.

Mr Keet was appointed as the Chief Executive Officer of GPI on 10 April 2012. He was assigned operational responsibility for the Foods division on 1 March 2016, following on the resignation of the former Chief Executive Officer of Burger King South Africa (Pty) Ltd, and mandated to build the BURGER KING® franchise towards profitability.

In the past twelve months Mr Keet has achieved the objectives that were set for him and has made significant progress in the establishment of a substantial Foods division which now includes the Dunkin’ Donuts and Baskin-Robbins QSR brands.

Given the relative size of the Foods division in the GPI investment portfolio, the GPI board believes it appropriate that Mr Keet focus entirely on the Foods division going forward. The GPI board would like to thank Mr Keet for his significant contribution to the GPI board and the Company, as well as for repositioning the Foods division in the direction as mandated.

The GPI board wishes him well as he takes up the new challenge. 

Last modified on Friday, 17 March 2017 13:00

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