Nyati announces shake-up at Altron - TechCentral

Nyati announces shake-up at Altron

Altron CEO Mteto Nyati

Newly appointed Altron CEO Mteto Nyati has moved quickly to stamp his authority on the listed technology company, naming a new executive committee and scrapping “redundant” positions.

The idea behind the restructuring is to create a leaner group structure aligned to its ambitions in the ICT market, Altron said in a media statement on Tuesday.

“Our priorities as a group are to aggressively drive cost efficiencies; recruit, develop and retain top talent; build a trusted ICT brand; and accelerate growth,” said Nyati in the statement. “The new structure reflects these priorities while setting the tone across the group on a cost focus.”

The executives leading human capital, shared services, marketing and the Altech Netstar operation will be members of the Altron exco, he said, while several previous exco positions have been made redundant.

Positions made redundant are the group executives for corporate finance, strategy and technology, and corporate affairs, as well as the operations executive for telecommunications, multimedia and electronics, and operations executive for technology.

Following the implementation of the new structure, the Altron exco will consist of Nyati (CEO), Alex Smith (chief financial officer), Andrew Holden (chief operating officer), Johan Klein (group executive for human capital); Neil Kayton (operations executive for Altron Power) and Harry Louw (Altech Netstar MD). Group executives for shared services and marketing, also now exco roles, must still be filled.

“The new structure will be operationalised by the end of April, after which my new exco and I will go into a strategy formulation process,” Nyati said in the statement.

Regarding Altech Netstar, Nyati said the operation needs “senior management intervention to realise its full potential”. He didn’t elaborate.

“With the consolidation of the group assets, it is critical that the structure is aligned to our strategy and objectives, while enabling us to put our customers at the centre of everything we do by anticipating their future needs and finding innovative ways to meet them,” said Nyati, who joined Altron from MTN, where he was CEO of the telecoms group’s South African operation. He replaced Robbie Venter at Altron.

Altron was trading unchanged at R10/share shortly after 4pm on Tuesday.  — © 2017 NewsCentral Media

5 Comments

  1. Greg Mahlknecht on

    So it’s going to be run by the accountants and marketers now. Pity. Many tech companies have taken this direction, and I can’t recall even one that ended its story well. Intel lost its way for about 10 years when they did exactly this, and only clawed their way back to relevance when the engineers took over again. I remember when Altech was an engineer-driven company, that the best minds aspired to work at.

  2. I personally liked the group especially when old Bill was still active. I wish the new executive team well in rebuilding this brand considering the ICT challenges/opportunities presenting today.

  3. Bye bye Altron… naming a new executive committee ..all his mates i’m sure..going the way of sabc ,saa,post office etc etc…etc

  4. Magomarele Gomi Thobejane on

    I hope he stays long to realise benefits from his new structure. What I didn’t like about what he did in MTN was dismantling the old structure, assembling a completely new team, but never staying long to guide them to envisaged destination. Now MTN is a mess, customer service is horrendous, employees are disgruntled, customers are fleeing to rivals, there’s no direction. MTN needs a complete overhaul again, by the new guy. It’s going to take few more years to recover.

  5. Greg Mahlknecht on

    I think he just screwed up at MTN. Someone else wanted to give him a ton of money, and he thought hey… I can still make a ton and not have to try clean up this mess! He did the same at Microsoft South Africa – anyone who had to deal with them while Nyati ran the show there will know what I mean.

    I think Nyati’s a prime example of the Peter Principle – he’s probably a great upper-middle manager, but has been promoted one too many times.

© 2009 – 2019 NewsCentral Media