Libstar announced the retirement of its CEO, Andries van Rensburg, at the end of the year. The group's current CFO, Charl de Villiers, will officially take the helm from 1 January 2023. The appointment follows a rigorous process involving numerous external and internal candidates over the last year.

Charl is a Chartered Accountant and LLB graduate, with a unique combination of legal and financial qualifications, which provides a breadth of technical competence, strategic problem-solving skills and attention to detail. Charl will continue to drive the repositioning of the group's portfolio towards a higher-growth and value-added food portfolio, as well as the growth of its categories and channels through both organic expansion and acquisitions.