Brazil's Zamp CEO to leave position in late June
Adds details, context in paragraphs 2-6
SAO PAULO, June 14 (Reuters) -The chief executive of Zamp ZAMP3.SA, which operates Burger King restaurants in Brazil, Ariel Grunkraut, will leave his position on June 28, the firm said in a securities filing on Friday.
Grunkraut was one of the founding partners who established Zamp in 2011, and led the sales, marketing and technology departments before he took on the CEO role two years ago.
His departure comes a few days after Zamp agreed to buy the rights to operate the Starbucks SBUX.O brand and some stores in the country.
"The company and the board of directors wish Ariel every success and extend their best wishes for his new challenges," Zamp said in the filing.
The firm did not offer any information on a possible successor to Grunkraut.
Zamp, which is controlled by Abu Dhabi state investor Mubadala MUDEV.UL, operates Burger King and Popeyes restaurants in Latin America's largest economy.
Reporting by Peter Frontini and Luana Maria Benedito; Editing by Sandra Maler
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
