Roux would continue to provide strategic advisory services for the next two years, with his departure following a spate of recent managerial changes and appointments, the company said in a statement.
It said its internal management structure had been set up in such a way that would allow for a seamless transition in executive leadership.
Tertius Carstens, an executive director on Pioneer's board, would take over from the beginning of October, it said.
In mid afternoon trade Pioneer's share price was down 6.83% to R126.50. The company has lost 23.55% in the year so far, having reported a 47% drop in first-half adjusted headline earnings, to R470m, in May.
Higher input costs knocked its domestic essential foods and grocery divisions, but the company said at the time it expected better performance in its second half. A raisin crop shortfall and a stronger rand had hurt the group's international operations.
Source: BDpro
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
