More than 30 years after the Lapalala Wilderness School was founded by Clive Walker and Dale Parker, it officially opened its doors to the new school building
A surprise change of company leadership is often met with a negative market reaction, as was the case when Absa and CEO Daniel Mminele announced they were parting ways in April.
However, Italtile’s share price was only marginally weaker after it announced that Jan Potgieter, who’s largely credited with driving the tile and sanitaryware group’s success for the eight years he’s been CEO, will retire at the end of the year when he plans to emigrate to Europe. He’ll remain a non-executive director of the company.
Italtile CEO Jan Potgieter. (Photo: Supplied)
Unlike Absa, which is busy shifting the deckchairs with a number of interim measures, Italtile said it had spent the past five years developing a succession plan.
Jan Potgieter, outgoing CEO of Italtile.
Tile and bathroom fixture retailer Italtile has announced that CEO Jan Potgieter will the leave the company at the end of the year after eight years at the helm.
Potgieter. who plans to emigrate to Europe, will however, remain in the company as a non-executive director of the board.
Lance Foxcroft, who is currently heading the company s Ceramic Industries division will succeed Potgieter in January next year, in what the company said would be a culmination of a succession plan developed over the past five years.
The chairperson of the board, Gianni Ravazzotti, lauded Potgieter for inculcating a retail excellence culture which has underpinned consistent and impressive turnover and profit growth, doubled the store network, and ensured our brands are market leaders in their segments .
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Italtile CEO Jan Potgieter to retire and emigrate
Lance Foxcroft, current CEO of subsidiary Ceramic Industries, will take over as group CEO from January 1, 2022. 09:30
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Outgoing Italtile CEO, Jan Potgieter. Image: Supplied
Jan Potgieter CEO of JSE-listed tile, bathroomware and home-finishings giant Italtile, will retire at the end of this year and will be emigrating to Europe, the group announced in a Sens statement on Monday morning.
Potgieter, a former Massmart executive, has been with Italtile for eight years. He joined the owner of Italtile, CTM and TopT stores as COO in 2014, before being appointed CEO in 2016.