Mr. Andrew Mthembu, Interim CEO of EOH.
JSE-listed technology services company EOH has appointed Andrew Mthembu as interim CEO for six months.
Mthembu's appointment follows the announcement that Stephen Van Coller will step down as CEO in March.
Last October, Van Coller asked the EOH board not to consider extending his five-year contract beyond March 31, 2024, when he officially retires.
In a statement yesterday, the company also announced that Maryette Greif, who was appointed interim chief financial officer (CFO) effective November 1, 2023, has been appointed permanently.
Greif replaces Megan Pidigadoo, who also left the company last year.
“The EOH Board of Directors, in consultation with the Remuneration and Nominating Committee, has resolved to appoint Mr. Mthembu, currently the independent non-executive Chairman of the Board, as Executive Chairman with effect from April 1, 2024,” the company said. Says.
The document said the executive chairman would assume the roles and responsibilities of interim CEO for a period of up to six months, or until a new CEO is appointed, after which Mr Mthembu would return to his role as independent non-executive chairman. ing.
Mr Mthembu was appointed chairman of the company in February 2020.
EOH said Mr Mthembu has the necessary skills and experience to take on the role of executive chairman, ensuring continuity and stability during this interim period.
“His familiarity with EOH's operations and stakeholders is evident from the CEOs of the company's operating business units, namely Marius de la Rey (iOCO South Africa), Brian Harding (International) and Fatima Newman. This will be complemented by his (EasyHQ) support.” ah.
It added that to support Mr Mthembu in his role as Executive Chairman, Mr Andrew Marshall, currently an independent non-executive director on the board, has been appointed as lead independent non-executive director with effect from 1 April.
Mr Mthembu will continue as Lead Independent Non-Executive Director after a new CEO is appointed and Mr Mthembu returns to his role as EOH's Independent Non-Executive Chairman.
EOH ensures that boards continue to operate effectively, objectively fulfill their responsibilities, and maintain good governance by ensuring effective governance at the board level, with the lead independent director providing important checks and balances. It points out that it will ensure that it remains a guardian of good corporate governance.
The Company believes that the appointment of an Executive Chairman will ensure a seamless and stable transition of EOH Board leadership, minimize disruption and maintain continuity of operations until a new CEO is appointed. I am.
“As outlined in the pre-earnings stakeholder update published on January 31, 2024, Marius de la Rey, Brian Harding and Fatima Newman are CEOs of their respective business units. “This is an important milestone for business continuity as we have entered into long-term contracts within EOH,” the company noted.
“The appointment of the Executive Chairman prioritizes continuity of our current strategic direction and provides an opportunity to integrate the roles of Marius de la Rey, Brian Harding and Fatima Newman into the overall EOH Group strategy. To do.”