Carl Gonzaga calls it quits at Taste
The embattled retailer says its former boss will remain employed for six months to support the interim CEO and board
Taste Holdings CEO Carlo Gonzaga has resigned — 10 days after the restaurant group unveiled new board members in a bid to breathe life into the cash-strapped company. The beleaguered retailer said that although Gonzaga’s resignation was effective from Monday he would remain employed for the next six months to support new interim CEO Tyrone Moodley, who is also a nonexecutive director of Taste, and the board of directors during the handover period. While Taste would not be drawn on why Gonzaga stepped down after 18 years, the move came as part of a series of shake-ups that major shareholder Riskowitz Value Fund LP (RVF) has been implementing to save the nearly penniless retailer.
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