New chairman role for Ansys CEO as firm flourishes
ANSYS CEO Teddy Daka will step down in September to take up an executive chairman role after the successful turnaround of the company’s business.Daka, who was previously the nonexecutive chairman, was appointed as interim CEO in June 2012, and over the past four years has grown the company’s annual turnover to about R500m from less than R100m.Daka said the company was stable, and at a level where "I am comfortable that someone can take over".He said assuming the role of an executive chairman instead of nonexecutive chairman was aimed at assisting new management, given that he had been intricately involved in turning around the business. He aims to be in the role for two years.Rynier van der Watt, CE in charge of strategy, mergers and acquisitions, will take over from Daka as CEO.Ansys reported an 88.8% rise in revenue to R474m for the year to March. Profit after tax surged 127% to R22.8m.The strong performance was boosted by the inclusion of the recently acquired Parsec Holdings and...
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.