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“Brian (Joffe) has informed the board that he will be launching a new listed JSE investment vehicle which will not focus on activities competitive with the current Bidcorp’s foodservice business,” Bidcorp said on Tuesday.
Joffe and the Bidcorp board announced that they have come to a mutual agreement that Joffe, who has been in the transitional role of executive chair of Bidcorp since the unbundling of Bidcorp from the Bidvest Group in May 2016, would relinquish this position “as this task has now been achieved”.
If needed, Joffe will continue in a non-executive chairperson role after this date, until the process of appointing an independent non-executive chairperson has been completed. Once this has been finalised, Joffe will assume the role of a non-executive director.
The board thanked Joffe for his contribution and wished him well with his new venture. – Fin24
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