Spur Corporation Limited announced chief executive officer ("CEO") Pierre van Tonder is to retire from the group at the end of December 2020 after 38 years' service. Pierre (61) has served as managing director/CEO since 1996. He joined the group in 1982 as a junior restaurant manager and was appointed to the holding company board 10 years later. The Remuneration and Nominations Committee of the board has initiated a selection process to identify a new CEO which will consider both internal and external candidates.