Clean-up mission for EOH boss Van Coller after founder exits
'It's a bit like driving down the highway at 120km/h and servicing your car at the same time'
The departure of founder Asher Bohbot, who built EOH Holdings into a multibillion rand empire, will not delay the restructuring of the technology group, said CEO Stephen van Coller this week. The former banker, who has the mandate to chop and change at what is now an unwieldly conglomerate, has been in the hot seat for only five months. And the seat has been piping hot. He is fighting on two fronts. First he needs to reassure shareholders, employees and clients that a flurry of reports about questionable contracts and alleged corrupt dealings with public sector clients are not the norm. These concerns have wiped nine tenths off EOH's share price in less than three years. Second, and probably more importantly in the long run, he is tasked with building the box of Lego that is EOH into a structure investors want to play with. "It's a bit like driving down the highway at 120km/h and servicing your car at the same time," he said after the company's AGM on Thursday. The past few weeks ha...
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