Executive changes pave way forward for GPI

Cape Town – Empowerment investment holding company Grand Parade Investments (GPI) has announced key changes at executive level which it says will shape the company’s strategy well into the future.

Dr Hassen Adams, executive chair of the group says the changes are significant for the company’s move into its next chapter after 20 years in business.

“Developing new leaders is a fundamental part of our business and one of my passions. It’s about finding the right potential and growing their careers as the company grows. Together with the board, we are confident in the new team and expect great things from them,” says Adams.

READ: See who paid R100.7m for Spur founder's shares

The newly appointed Group CEO Tasneem Karriem is the first female CEO in the history of the company and is one of a handful of females that are leading JSE-listed companies in South Africa. She was instrumental in the strategic review of the group.

Dylan Pienaar is standing down as the financial director of the company to take on the role of Grand Foods CEO, while remaining a core member of the GPI executive team. Given that the Food Business has become a large, focused investment for GPI and part of its growth strategy, he will be responsible for driving efficiencies and profitability.

Pienaar will be replaced by Shaun Barends who has been with the GPI Group since May 2013. Barends initially headed up the finance division of the Slots Group and more recently the finance department of GPI’s Foods Business.

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