EDITORIAL: Tiger Brands’ new CEO has a lot on his plate
Tjaart Kruger will have to reposition in the consumer foods market to catch up with nimbler rivals
Tiger Brands is undergoing a leadership change that could have significant implications for its future direction and performance. Noel Doyle is stepping down after less than three years as CEO and will be replaced by Tjaart Kruger, the former boss of Premier Foods. The market cheered the news, sending the shares skyrocketing almost 20%.
The swift appointment of a new CEO is a commendable effort of succession planning. But what does this change mean for the company and its shareholders? Is it a sign of a deeper problem or an opportunity for a fresh start?..
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