Utilize your skills and experience.
Tactile Technologies has appointed an expert advisory board to support its growth strategy. Advisory board members bring skills and experience across financial management, governance, retail, business development and technology solutions and will work with Tactile Technologies executives to grow the business.
The four advisory board members are Mark Broude, CEO of Panacea Technology Distributors and former Kemtek commercial director; Chris Henschel, Director of Cell City. Nick van Rensburg, co-founder and CEO of Whakamani Group. Some senior executives in the financial services industry also requested anonymity.
Mauro Mercuri, founder and chairman of Tactile Technologies, said the appointment of the advisory board marks a milestone as the company embarks on a new phase of growth. The company is committed to expanding and expanding its business by adding a broader set of solutions to its established import and distribution portfolio.
Mercuri says: “Tactile Technologies has grown rapidly over the past five years, overcoming challenges that many of our competitors have not. A combination of the right strategy and diversification has helped the business grow, but it has also created some challenges for the business. It caused growing pains.
However, this business had never expanded into this space (or this size) before, so we brought on board as industry experts to help us achieve the growth we wanted, and to advise the business. I realized that I needed other people. To achieve. Each of these advisory committee members has a role within it. This move represents a strengthening of the team, with each board member adding value that makes the business smarter, better and bigger. ”
He notes that few companies of this size have an advisory board, but Tactile Technologies hopes that the new advisory board will bring valuable new perspectives and experience that will help the company scale. He said he believed it would bring about success. “These are people who have had a long-standing relationship with our company and we have invited them to contribute their expertise to our business. We have benefited from doing business with Tactile Technologies by establishing relationships with similarly ethically minded people who want to partner with Tactile Technologies as members of our Board of Directors. It speaks to our track record and gives us a sense of accomplishment.”
Mercuri added: “We recently held our first meeting with our advisory board and from the first moment we were very pleased to see that they were working hard to strengthen our business. It was a very exciting kick-off session, with some good ideas including advice on new business models, solution packaging, data usage, governance and financial management.”
The board meets two to three times a year, and each board member has the ability to lead and lead specific projects.
Harness the wisdom of graypreneurs
Mr. Broude brings more than 40 years of business leadership and distribution experience to the new advisory board. He said Tactile Technologies' move to appoint an advisory board was unusual for a company of its size, but forward-looking.
“I have run successful companies in the past and I tend to think I know everything. The team here is young, dynamic and successful, but we need to leverage more knowledge. I am aware that there is.”
“The knowledge you need can't always be found in books or online. Young companies can tap into the experience of 'graypreneurs' (successful older businessmen) for insight and access to networks.” Brood says. “Companies often need older leaders with worldly experience to be more successful.
“Tactile Technologies has tremendous growth potential. We commend its strong growth and resilience to date, as well as the fact that the business is moving to take advantage of new growth opportunities,” he said. says. “The company is a resilient business that has grown very well. It plays in a big pond with established big brands and has weathered major growing pains. Despite the current economic climate, the impact of the coronavirus pandemic, and geopolitical turmoil, the business continues to grow, differentiate itself with service and support, and stay at the cutting edge of technology. is constantly looking at what the market and its customers are looking for and is well-positioned to take advantage of new opportunities.”
Mr. Henschel, a new advisory board member, has worked in the mobile phone retail industry for 28 years and has grown his company from five to more than 500 employees. We deeply understand how best to overcome this. they.
He said: “The Advisory Board plays a critical role in providing guidance and knowledge to Tactile’s key management team. Their goal is to help the team achieve its growth goals. In the current environment, With so much being asked of the team, there is little time to plan for the future or consider a long-term strategic view of where the business should go. They are there to provide guidance and insight into the key focus areas to focus on to maximize returns, while also acting as a sounding board for any new strategies the team wants to embark on.”
He believes Tactile Technologies has solid growth potential. “Tactile Technologies is already experiencing strong growth and has the potential to unlock even greater value from its existing customer portfolio by implementing out-of-the-box customer value management (CVM) tools. There are also opportunities to introduce new products to our customer base and generate recurring revenue. Tactile Technologies has traditionally been a project-based product distributor, which is the company's core strength; means it's constantly looking to capture new sales. However, by adjusting its product offering and introducing some fintech and product lifecycle management tools, Tactile Technologies' future growth potential is It looks promising,” he says.
Nick van Rensburg added: “Being part of Tactile Technologies' advisory board is really exciting for me. I want to be part of their growth journey and be part of a constantly evolving team. “I've learned, and I continue to learn from everyone here, that sustainable growth is about more than just planning. It's about being flexible and open to change.'' , we're here to bring new ideas and leverage all our experience to keep up with the current situation in the fast-paced world of technology. ”
Tactile Technologies is an expert in touch screen, automated ID, payments, biometrics and robotics technology. Tactile's end-user references include Shoprite, Pick n Pay, Spar, PEP, Mr Price, Sun International, Engen, Netcare, FNB, YUM, Famous Brands, McDonalds, Takealot, Italtile, and more. Click here to learn more about Tactile. www.tactiletechnologies.com and/or https://www.itweb.co.za/office/tactiletechnologies/newsroom.
