Branded food, home care and personal care product manufacturer Tiger Brands' CFO Noel Doyle will succeed Lawrence MacDougall as CEO, effective February 1.
MacDougall, who has been CEO since 2016, has reached the company's mandatory retirement age of 63 and will exit the company on March 31 to ensure a smooth handover.
“We want to thank Lawrence for almost four years of devoted service which involved many accomplishments and wish him all the best in his upcoming retirement and future endeavours.
"After a rigorous and extensive search process, the board and I are pleased to have appointed someone of Noel’s calibre, experience and ability to fill the CEO position,” chairperson Dr Khotso Mokhele comments.
Tiger Brands will update the market regarding the appointment of a new CFO in due course.