The SPAR Group today announced that Angelo Swartz has resigned from his position as Group Chief Executive Officer (“CEO”), effective 28 February 2026.  

Swartz has served the Group for 19 years, including as Group CEO since October 2023. During his tenure as CEO, Swartz led the business through a demanding period of operational stabilisation, portfolio simplification, and balance sheet strengthening.  

Chairman of the Board, Mike Bosman, commented: “Angelo has played an important role in guiding the Group, and we thank him for his dedication, commitment and integrity. We are confident in the strength of our leadership team and remain firmly focused on accelerating execution, reinforcing financial discipline and driving improved performance across our core operation.” 

Swartz will be available to the Board for a period of three months to provide support and guidance during the transition. Reflecting on his time with the Group, Swartz said: “I have cherished my time with SPAR and the opportunities it provided. I want to thank everyone who has contributed to my growth. The support of the Board, executive teams, and our Chairman has been invaluable. I now look forward to spending more time with my family and planning the next phase of my career.” 

The Board has appointed Reeza Isaacs as the new CEO, effective 1 March 2026. Isaacs, who most recently served as The SPAR Group's Chief Financial Officer (“CFO”), has played a pivotal role in strengthening the Group’s financial position and reinforcing capital discipline over the past year. Under his leadership, the Group advanced a more rigorous capital allocation framework, enhanced financial governance, and supported the execution of key strategic initiatives aimed at improving operational performance and balance sheet resilience.  

Following Isaacs’ appointment as Group CEO, the Board has appointed Megan Pydigadu as Group CFO with effect from 1 March 2026. Pydigadu, currently serving as the Group Chief Operating Officer (“COO”), brings broad executive experience across both operations and finance and has a strong track record in financial stewardship, governance and strategic delivery.  

Both appointments reflect the depth of talent within SPAR’s leadership team and ensure leadership continuity as the Group continues to strengthen performance, enhance efficiency and build long-term resilience. 

With Pydigadu moving into the role of Group CFO, the Group will review the portfolios previously overseen by the COO to ensure they remain aligned with SPAR’s strategic priorities. In the meantime, these operational areas will continue to be led by the existing divisional leadership teams, ensuring uninterrupted oversight of distribution centre operations, retail support and supply chain execution. 

In addition, to reinforce SPAR’s core Southern Africa retail business, the Board has approved the creation of a dedicated Managing Director role for the Groceries and Liquor segment. This appointment aims to provide focused operational leadership in the Group’s primary value-generating division and to enhance accountability for performance improvement. This strategic move underscores SPAR's commitment to strengthening its leadership team and driving excellence within its core operations. 

The SPAR Group remains optimistic about the future and is committed to delivering value to all stakeholders as it continues its journey towards robust performance and growth. 

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