Spur begins search for new CEO

After 38 years of service, incumbent CEO Pierre van Tonder is set to retire at the end of the year.

Spur Corporation is on the hunt for a new CEO now that Pierre van Tonder is set to retire from the group at the end of the year after 38 years of service.

“The Remuneration and Nominations Committee of the board has initiated a selection process to identify a new CEO which will consider both internal and external candidates,” reads the statement from Spur, which explains how Pierre joined the group in 1982 as a junior restaurant manager and was appointed to the holding company board 10 years later, serving as managing director/CEO since 1996. 

“Pierre has overseen the expansion of the brand portfolio through the in-house development of brands including Panarottis and the acquisition of smaller brands like RocoMamas, The Hussar Grill and John Dory’s which are today among South Africa’s most recognised restaurant brands,” says Spur Corporation chairman Mike Bosman in the statement. 

Mike says that under Pierre’s leadership. the business had shown strong growth, becoming market-leading, a multi-brand franchisor with over 640 restaurants in South Africa and internationally and a presence in 20 countries.

“On behalf of my board colleagues, management, all of our employees and franchisees, we thank Pierre for his outstanding contribution to the Spur Corporation and wish him well in the next chapter of his life.”