After 24 years at the head of the table, Spur CEO, Pierre van Tonder, is to step down at the end of the year.
According to News24, the 61-year-old served as managing director/CEO since 1996. He joined the restaurant group as a junior restaurant manager and was appointed to the holding company board a mere 10 years later.
The Spur Group is based in Cape Town and owns Spur Steak Ranches, Panarottis, John Dory’s, RocoMamas and Hussar Grill. It is often referred to as part of South Africa’s culture.
Moneyweb reports that there are currently more than 640 Spur restaurants across South Africa, the rest of Africa, Mauritius, Australasia and the Middle East. It has a presence in 20 countries across the world.
In a statement released to its shareholders, the Group has said that they will start looking for a new CEO and will consider both internal and external applications.
“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”, Spur Corporation Chairman, Mike Bosman, said in the statement.
As with all restaurant and eateries in South Africa, the outbreak of the COVID-19 pandemic had a detrimental effect on the family favourite restaurant group when it was forced to close its doors for five weeks. Since June, it has opened all its restaurants for sit-down trading, albeit restricted.
Credit image: All4Women