EOH shares rally on announcement of new CEO | Fin24
  • Ferial Haffajee

    Why should SAA employees pay for the sins of Dudu Myeni and Jacob Zuma?

  • The Namibian Link

    Evidence is mounting that VBS Mutual Bank aided another elaborate bank heist.

  • Mobile Merger?

    Telkom has confirmed it is in talks to buy network operator Cell C.


EOH shares rally on announcement of new CEO

Jul 19 2018 14:53
Lameez Omarjee

EOH Holdings’ [JSE: EOH] shares were trading up 18.72% at R41.79 on Thursday afternoon, following its appointment of Stephen van Coller as its new CEO. 

The JSE-listed IT service company’s shares had opened at R35.50.  

In a morning notice to shareholders, EOH said that Van Coller, who previously worked at MTN, Barclays Africa and Deutsche Bank, would take the reins at the group from September 1.

EOH said Van Coller’s appointment was part of its new strategy, announced earlier in the year, to reconfigure itself into two distinct businesses, EOH and NEXTEC.

"Each company would have its own unique brand and identity, business model, growth and go-to-market strategies", the notice read.

Van Coller, a senior business executive and accountant by training, previously held the position of vice president of strategy mergers and acquisitions and vice president of digital services, data analytics and business at MTN. He was also previously at Barclays Africa Group and the South African division of Deutshe Bank.

"His business knowledge, experience, background in the African market and the technology space coupled with his excellent financial acumen ideally positions him to lead EOH Holdings into its next chapter," said EOH's board in a statement. 

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER



Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote