Ivan Dittrich returns to Datatec - TechCentral

Ivan Dittrich returns to Datatec

Datatec CEO Jens Montanana

Datatec CEO Jens Montanana

Former Datatec chief financial officer Ivan Dittrich, who left the JSE-listed global IT group in 2012 to take the same position at telecommunications group Vodacom, replacing Rob Shuter, is returning to his old job.

Datatec said on Wednesday that Dittrich, 43, will return as the group’s chief financial officer on 30 May 2016.

Jurgens Myburgh, Datatec’s current CFO, has accepted the position of CFO of Mediclinic International and will leave Datatec at the end of July.

Dittrich previously worked in a number of roles across Datatec, including as CFO from March 2008 to May 2012, when he joined Vodacom.

He was at Vodacom for a three-year stint before resigning in the middle of last year. He was succeeded at Vodacom by Till Streichert on 1 August 2015.

“I am delighted to welcome Ivan back as our CFO. He has a very strong track record with us and has benefited from his recent experience outside the group,” said Datatec CEO Jens Montanana in a statement.

Datatec on Wednesday also announced its financial results for the year ended 29 February 2016.

The group reported underlying earnings per share of US$0,32, down from $0,42 in the 2015 financial year. Revenue was $6,5bn, up from $6,4bn before, but up by 8,6% in constant currency terms. It maintained its final distribution to shareholders at $0,09/share.

“The 2016 financial year was a notably challenging year for the group,” said Montanana. “We were affected by a combination of a strong US dollar impacting the contribution from our emerging market operations and major income statement charges, including foreign exchange losses due to capital controls in Angola and the reorganisation of Logicalis UK.

“Looking ahead, we are confident that our diversification and geographical portfolio strategy as well as global positioning in the ICT market remain sound. Therefore, the board has recommended an unchanged full-year dividend,” he said.  — © 2016 NewsCentral Media

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