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Stephen van Coller’s journey to save EOH — and build a great company

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Stephen van Coller left a cushy job at MTN to take up one of the most challenging corporate jobs in South Africa — saving EOH.

This is how Wayne McCurrie, portfolio manager at FNB Wealth and Investments, described Van Coller’s tenure as EOH group CEO.

Investors were dumping the company’s stock, with the share price plummeting from R171 per share in December 2016 to R40 per share when Van Coller became CEO. There was no daily cash flow management, no pooling arrangements, and there was no investment committee to vet acquisitions. He got rid of employees implicated in financial maleficence, renegotiated problematic contracts, and put measures in place to create a trusted company.

Van Coller said the most challenging part of being EOH CEO was dealing with negative stakeholder sentiment and convincing everyone that companies are not corrupt — people are.

 

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