SPAR names Reeza Isaacs CEO as Angelo Swartz steps down

South African retailer SPAR Group has appointed its chief financial officer (CFO), Reeza Isaacs, as chief executive officer (CEO), effective 1 March. The appointment followed the resignation of Angelo Swartz after about 16 months in the role. Swartz assumed the CEO role in October 2023 and led efforts to streamline operations, reduce debt and reinforce the balance sheet. These priorities followed a problematic SAP implementation and broader financial strain facing the group. During his tenure, the Dur ...