“I just wanted to acknowledge everyone who has helped to keep the fires burning so brightly - our shareholders and directors, support office team, franchisees, store staff, partners, suppliers, agencies and of course the customers!” Cumming said.
“There are too many to thank individually, and it’s hard to write this without it being a massive cliche, but one person who does deserve a special mention is our founder Callum Davies, who took a chance on me as a spotty teenager many years ago, then years later handed me the reins and trusted me with this epic opportunity.”
Cumming said Hell would be working on appointing a new CEO to start in early 2024.
The New Zealand-based pizza chain was established in Wellington in 1996 and has 77 outlets across the country, as of November 2022.
Executive departures hit listed companies
Two chief financial officers, Leanne Dekker of My Food Bag and Anand Rambhai of Rakon, have both given their notice of resignation, according to NZX announcements today.
Dekker, who joined My Food Bag in February this year, will step away from full-time work to spend more time with her young family.
Her last day is expected to be late January 2024.
The meal-kit delivery company’s shares were trading down 5.06 per cent to 15 cents by early afternoon.
Meanwhile, Rambhai will leave Rakon after close to 12 years with the frequency control products and timing solutions company to pursue other opportunities.
Rambhai will be stepping down as CFO with immediate effect but will continue to support the business until December 22, 2023. This will include supporting the transition of Rakon’s new CFO - also announced today - Drew Davies.
Davies joins Rakon having previously held CFO roles, board directorships and executive leadership roles during his 30-year career in the United States and New Zealand.
Speaking on Rambhai’s departure, Rakon chief executive Sinan Altug said: “Anand has been an integral part of Rakon’s journey over the past decade. His commitment, hard work, and dedication have been instrumental in driving our financial strategy and contributing to our growth. His loyalty to Rakon and his unwavering professionalism have left a lasting impact on our organisation. As he embarks on his next chapter, we wish him every success and thank him for his significant contributions.”
