The resignation comes about a month after Spur announced CEO Pierre van Tonder would retire at the end of December
Restaurant group Spur, which owns RocoMamas and John Dory’s, said on Monday its COO, Mark Farrelly, would resign with effect from the end of August.CEO Pierre van Tonder was set to retire at the end of December, after almost four decades with the restaurant group.
Farrelly has been with the group for 30 years and was appointed as an executive director in 1999, and COO in 2012. Spur chair Mike Bosman said: “Mark plans to continue his career outside the listed company environment and focus on managing his restaurant and property interests, which include being the master franchisee for Spur International in New Zealand, where he owns the Spur restaurant in Auckland.”
In morning trade on Monday, Spur’s share was unchanged at R15.95, having fallen about 40% so far in 2020.
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