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BVT - Bidvest - Senior Management Restructure At Bidvest International

Release Date: 02/03/2010 10:30
Code(s): BVT
Wrap Text

BVT - Bidvest - Senior Management Restructure At Bidvest International Foodservice The Bidvest Group Limited Incorporated in the Republic of South Africa (Registration number 1946/021180/06) Share code: BVT ISIN: ZAE000117321 ("Bidvest" or "the Group") SENIOR MANAGEMENT RESTRUCTURE AT BIDVEST INTERNATIONAL FOODSERVICE Shareholders are advised in order to galvanise its global strength in international foodservice, Bidvest announces some senior management changes within the leadership structures. Fred Barnes, CEO of Bidvest Europe, is to step out of his current role with immediate effect to permit the combination of the global Bidvest foodservice businesses into a single business unit under the leadership of Bernard Berson, currently CEO of Bidvest Asia Pacific. This restructure will enable Bidvest to combine the strengths of its decentralised philosophy with global cooperation, ensure best practice is extracted globally and to realise synergies between its market-leading companies. Bidvest are appreciative to Fred Barnes for his huge contribution in driving forward the businesses within Europe over the past 11 years and notes that Fred will continue to serve on the Bidvest Board as a non-executive director and advisor. Additionally, Fred will continue to take direct responsibility for Ontime Automotive within the UK. Johannesburg March 2 2010 Sponsor: Investec Bank Limited Date: 02/03/2010 10:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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