Spur- retirement of founder and executive chairman
Spur Corporation founder and executive chairman Allen Ambor is to retire from the company and the board with effect from 1 March 2019 after 51 years∆ of service.
Mr Ambor (76) founded Spur when he opened the first restaurant in Newlands, Cape Town, in 1967 and has served as executive chairman of the board since the company∆s listing on the JSE in 1986.
In terms of his employment conditions Mr Ambor is required to serve a 12-month notice period. The nominations committee of the board will shortly commence the process to identify a new board chairman.