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KWV CEO QUITS

15 Jul KWV Holdings

Thys Loubser resigns with immediate effect.

The KWV Board today announced that CEO Thys Loubser has resigned as company CEO with immediate effect. Loubser, who has been leading the wine and brandy company since January 2007, will be replaced in an acting capacity by André van der Veen, a member of the KWV board and senior executive at HCI, KWV’s largest shareholder.

The board said that at this stage of the company’s internal restructuring it was opportune to effect a change in the leadership.

Loubser thanked the staff for all their support during the period of his tenure.

Marcel Golding, Chairman of KWV, thanked Loubser for his contribution to the company and wished him well with his future endeavours.

Source: Moneyweb