News Formal

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

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 67%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EOH to sell Hymax business to Seacom in R144m dealJSE-listed technology services company EOH Holdings announced its plans to sell off its wholly owned subsidiary Hymax to telecommunications provider Seacom South Africa in a R144.9 million deal. Moneyweb CompanyNews Matshoba_A
Source: Moneyweb - 🏆 5. / 77 Read more »