Sacos chief retires |15 May 2015

Antonio Lucas, the first chief executive of the Sacos Group Ltd, will retire effective June 30 after nine long years of service with the company since it was privatised in 2006.

In a short communiqué the Sacos Group Ltd said Mr Lucas has tendered his notice of retirement from the post of chief executive effective June 30, 2015.

At the request of the board of directors, Pierre Laporte, the former Minister of Finance, trade and investment, has accepted to take up the post of chief executive of the Sacos Group Ltd, subject to all the legal requirements being complied with.

The company has taken the opportunity to express its appreciation to Mr Lucas for his valuable contribution to the company and has wished him the very best in his future endeavours.