Brian Joffe steps down as chairman of Bidcorp

Brian Joffe will retire from the Bidcorp Chairmanship at the end of March, the group said in a statement on Thursday.

Bid Corporation is the food services spinoff of industrial conglomerate the Bidvest Group.

“Stephen Koseff, currently an independent non-executive director, has agreed to accept the board’s invitation to assume the role of independent non-executive chairman, effective March 31st 2018,” it said.

“Mr Koseff needs no introduction having led a long and distinguished career as a founding member and chief executive of Investec Limited and Investec Plc, where he helped steer that company to become an internationally recognised specialist bank and asset management group,” the group’s statement said.

Read: Brian Joffe leaves Bidcorp to start own investment firm

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Brian Joffe steps down as chairman of Bidcorp