COMPANY COMMENT
Warm and cool tones in Bidvest farewells
Bidvest would not have existed without Brian Joffe and for a long time Bidvest was Joffe
Bidvest chief financial officer Peter Meijer retired at the end of February after 28 years with the group. The company’s announcement of his departure was effusive in its expression of warmth: "The board and the entire Bidvest family wishes to extend its gratitude to Peter for his 28 years of dedicated and valued service, as well as his significant contribution to the growth and development of Bidvest. We wish him well in his retirement." This is no less than you would expect after all those years of dedication. But the tone does represent a striking contrast to the Sens announcement released when Brian Joffe resigned from the Bidvest board in August 2017. "In compliance with section 3.59 of the listing requirements of the JSE, Bidvest announces the resignation of Mr Brian Joffe as nonexecutive director of the company, with immediate effect. Bidvest expresses its appreciation to Mr Brian Joffe for his contribution over many years." Ouch. Not very warm and certainly not effusive. So,...
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