Spar Guild backs Phil Roux for Spar chair hot seat
Says it has no confidence in the company's executive team but will 'support' the board's process in that regard.
The Spar Guild of Southern Africa has endorsed former Nampak CEO Phil Roux for the position of Spar chair, according to a letter sent to interim Spar chair Lwazi Koyana on September 10. The guild also supports the resignations of current chair Mike Bosman and deputy chair Shirley Zinn, stating that their departure marks progress in addressing the mandate from the guild's national council.
The guild recommended two new board appointments, Conrad Isaacs and Kevin O'Brien, citing their experience and expertise. The guild's support for Roux is based on his extensive turnaround and operational experience across major listed companies and the retail sector. However, the Spar Group has not confirmed any appointments and stated that a formal and independent process is underway to ensure board succession and renewal. The guild's letter does not back the Spar Group's executive team.
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