JSE-listed technology services group Business Connexion (BCX) has announced an internal reorganisation meant to help it grow in international markets, it said on Tuesday.
The process includes a change in the group’s executive team and the creation of a new group structure to allow for the “delivery of sustainable growth with greater agility and efficiency”, it said.
The new executive leadership team is made up of CEO Benjamin Mophatlane, deputy CEO Vanessa Olver, finance chief Lawrence Weitzman, chief sales and marketing officer Isaac Mophatlane, chief operating officer Jane Canny, chief investment and alliance officer Matthew Blewett, and group human resources executive Grace Dipale.
A strategic office has been established under Olver, to lead “key elements of the group strategy”. Isaac Mophatlane will lead global sales, marketing and customer management. All regional heads across Africa will also report to him.
In the coming months, the current business units will be organised into three broad divisions: converged infrastructure solutions, business solutions, and investments and alliances
“Executive teams for these divisions will be announced in due course and minimal changes are expected within the operating business units,” BCX said. Canny will be responsible for the global operations of the converged infrastructure solutions and business solutions divisions.
Blewett, meanwhile, will be responsible for mergers and acquisitions and the investments and alliances division, the group said.
Benjamin Mophatlane said the new structure will cluster associated services and improve efficiencies, allow BCX to grow in key regions in Africa. It will allow the group to channel talent “more efficiently” and improve collaboration.
Implementation of the new structure is expected to be completed in the last quarter of the financial year. “Teams of senior executives have been put in place to ensure business continuity and the delivery of current targets,” it said.
BCX’s share price has languished in the past year, slipping by 2%. The share has moved largely sideways for the past four years. It has a market capitalisation of R2,3bn, dwarfed by rival EOH’s R9,9bn. — (c) 2014 NewsCentral Media