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Spur CEO Van Tonder to retire in December

Van Tonder, has served as managing director/CEO since 1996.
Image: Moneyweb

Spur Corporation’s Chief Executive Officer Pierre van Tonder will retire from the group at the end of December after 24 years at the helm, the South African restaurant franchisor said on Monday.

The 61-year-old has transformed the Cape Town-based company into one of the country’s leading restaurant businesses with more than 640 restaurants across South Africa, the rest of Africa, Mauritius, Australasia and the Middle East.

He oversaw the expansion of the brand portfolio through in-house development of brands and the acquisition of smaller brands like RocoMamas burger chain, The Hussar Grill and John Dory’s seafood and grill chain, Spur Corporation Chairman Mike Bosman said in a statement.

Spur, owner of Spur Steak Ranches and Panarottis Pizza and Pasta chains, said it has started looking for a new CEO and will consider both internal and external candidates.

Van Tonder has served as managing director/CEO since 1996. He joined the group in 1982 as a junior restaurant manager and was appointed to the holding company board 10 years later.

Spur, like its peers, has been severely hit by the coronavirus restrictions that saw its stores closed for five weeks. From May it slowly started re-opening some of the restaurants for delivery only but has since opened all for restricted sit-down trading from June.

Spur’s restaurant sales slowed dramatically in March, dropping 46.7% over the corresponding period in 2019. Sales for the period March 16 to March 31, following the declaration of the state of disaster and lockdown, tumbled 75.7%, with trading ceasing on March 26 for the lockdown, it said.

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Did a very good job over his period in charge .

Cover him in pink sauce and feather him, He should be paid in calories and heart attacks that his company flushed into the SA market.

So what’s your remedy for the ANC. At least Spur is a vibrant and growing enterprise and sustains itself without looking for handouts. And think of all the taxes the fiscus has collected from this enterprise and its customers

Post Covid I think Spur will struggle, not only is the economy in terrible shape but I dont think people are going to want to eat in a grubby restaurant like most Spurs have become, how many people will want creme soda sticky placemats, lime milkshakes that have a tinge of bananna because the mixer wasnt cleaned properly or teaspoons fished out of a dump bucket. Spur is no longer a ‘restaurant’ its more like an overpriced sit down fast food joint.They will have to lift their hygiene game in a big way.

End of comments.

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