Bidvest says Mpumi Madisa will be its next CEO
Lindsay Ralphs will remain CEO until the 2021 financial year, which begins in July 2020
Bidvest says executive director Mpumi Madisa will be the next CEO of the trading, distribution and services group, which has a market capitalisation of R72bn. The group said on Monday that Madisa had been appointed as CEO-designate as part of its succession planning process. Lindsay Ralphs will remain CEO until the 2021 financial year, which begins in July 2020. Until then, Madisa “will work closely with Lindsay to ensure a smooth transition”. Madisa joined Bidvest in 2003. She is currently an executive director on the Bidvest board and she holds other external nonexecutive director roles, including at Adcock Ingram and Business Leadership SA. “One of our key priorities is developing the next generation of leaders and Mpumi is the perfect example of this,” Ralphs said. “Her exceptional leadership skills and depth of experience will ensure continuity for all Bidvest stakeholders and the Bidvest family”. Bidvest said earlier on Monday it had increased its interim dividend 10.6% to R2....
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.