KWV chief quits abruptly
Fin24 - Jul 18th 2011, 10:35
Johannesburg - KWV CEO Thys Loubser has resigned with immediate effect, its majority owner Hosken Consolidated Investments, said on Friday.
Loubser, who has been leading the wine and brandy company since January 2007, will be replaced in an acting capacity by Andre van der Veen, a member of the KWV board and senior executive at Hosken Consolidated Investments.
The board said that, at this stage of the company's internal restructuring, it was opportune to effect a change in the leadership.
KWV chairperson Marcel Golding thanked Loubser for his contribution to the company and wished him well.
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