Jan 31, 2011

John Callaghan resigns from Hero

CEO and President Director John Callaghan at one of Indonesia's retailer PT Hero Supermarket Tbk (HERO) has been resigned from his position.
In an official statement filed to Indonesia Stock Exchange, Callaghan said he has decided to return to his country and thus has to leave Hero Supermarket,
"I therefore rendered my resignation as CEO and president director of Hero with effective from March 31 2011," he said in his statement.
Hero President Commissioner Ipung Kurnia, in a statement to IDX today, said John Callaghan will remain in his position until March 31 2011.
Adding to that, Hero has also announced the appointment of Philippe Broianigo to replace John Callaghan. Broianigo is currently the Group's Project Development Director of Dairy Farm International Group.
John Callaghan played a significant role in turning arond Hero Supermarket for the past three and half years. "We would like to thank him for his contribution to the company's success," Ipung said.
The resignation of John Callaghan and appointment of Broianigo as President Director will be tabled for shareholders' approval in annual general meeting to be held in due course.

Disclosure: No position at the stock mentioned above.  

Print This Article

No comments: