Listed ICT group EOH has appointed\u00a0Stephen van Coller as its new CEO, with effect from 1 September 2018.<\/p>\n
Van Coller’s appointment follows the recent announcement that EOH will pursue a new strategy, centred around reconfiguring the company into two distinct and independent businesses, each with its own CEO, unique brand and identity, business model, growth and go-to-market strategies.<\/p>\n
The ICT business will operate under the\u00a0EOH brand<\/strong>, while the specialised solutions for high-growth industries businesses will operate under the newly launched\u00a0Nextec brand<\/strong>.<\/p>\n The two independent businesses will operate under EOH Holdings, and the setup process will be completed by 1 August 2018.<\/p>\n The creation of the two independent businesses, means that the EOH Holdings corporate structure will be responsible for corporate finance, corporate strategy, group reporting, investor relations, risk and compliance.<\/p>\n Former\u00a0CEO Zunaid Mayet was appointed as CEO of Nextec. He opted to relinquish his role as CEO of EOH Holdings to assume this role.<\/p>\n Rob Godlonton, meanwhile, has been appointed as CEO of the EOH branded business.<\/p>\n Van Coller is a well-known and respected senior business executive, having most recently fulfilled the roles of VP: strategy and mergers and acquisitions and VP: digital services, data analytics and business development at mobile operator MTN.<\/p>\n He is an accountant by training, and prior to his role at MTN, he was at Barclays Africa Group Limited for over ten years where he was CEO (CIB Africa) for 7 years. Before this, he spent close to a decade at Deutsche Bank leaving as head of global banking \u2013 South Africa.<\/p>\n EOH’s share price has been on an upward trajectory over the last week, following a steady decline over the past six months. The share price was up 6.5% in the last session, to R35.20.<\/p>\n This is still off significantly from it’s highest point of R75.30 last seen in March 2018, and a 52-week high of R116.91.<\/p>\n
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