CBH states that Wright leaves “having met the strategic objectives set when he joined the group five years ago, including market penetration, operational efficiencies and growth into Africa.”
Wright is leaving to pursue private business interests.
Marthinus Stander has been appointed as the new CEO, effective July 1 2013. Stander is an Engineer B.Eng (US), MSc (UCT) and has furthered his studies in business management at the University of Stellenbosch Business School.
He has held senior executive positions at Pioneer Foods and Rainbow Chicken (JSE:RBW), operated a KFC franchise for four years and until recently consulted to the Shoprite Group, focusing on their Quick Service Restaurant (QSR) brand.