Brian Joffe leaves Bidcorp to start own investment firm
Executive chairman of foodservice group Bidcorp, Brian Joffe, will step down as CEO at the end of June to launch his own investment firm, the company said in a shareholder statement on Monday.
“Brian has informed the board that he will be launching a new listed JSE investment vehicle which will not focus on activities competitive with the current Bidcorp’s foodservice business,” said Bidcorp.
It confirmed that Bernard Berson will continue in his role and will remain head of the food services business and Bidcorp chief executive.
Bidcorp is the foodservices business spun off from Bidvest Group in 2016, a company Joffe founded in 1988 and has been chief executive of since 2004.
He will take on the role of non-executive chairman of Bidcorp, the first time he will not be part of the management of either company since founding the group in 1988.
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