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South Africa's Tiger Brands CEO to retire, CFO takes helm

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01/29/2020 | 02:24am EDT
bTiger Brands Chief Executive Lawrence MacDougall speaks during the release of their interim results in Johannesburg

Tiger Brands Chief Executive Officer Lawrence Mac Dougall will retire on Jan. 31, having reached the company's mandatory retirement age of 63, South Africa's leading food producer said on Wednesday.

Mac Dougall has headed Tiger Brands since 2016 and will exit the company on March 31 to ensure a smooth handover, the maker of Jungle Oats and Tastic rice said in a statement.

Chief Financial Officer Noel Doyle will take over the role from Feb. 1.

(Reporting by Nqobile Dludla, editing by Louise Heavens)

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.00% 1518.66 Delayed Quote.13.38%
OATS FUTURES (O) - CBR (FLOOR)/C1 -0.73% 341 End-of-day quote.17.64%
ROUGH RICE FUTURES (ZR) - CBE (ELECTRONIC)/C1 9.72% 17.9 End-of-day quote.25.77%
TIGER BRANDS LIMITED -2.00% 185.67 End-of-day quote.-11.88%
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