Chief Executive Officer
3 days ago
Due to the pending retirement of the existing incumbent, this position is becoming available. He has been with this Company for many years and has successfully driven its growth and profitability resulting in it being the Flagship Subsidiary of this JSE listed Group of Companies. This large Company which employs close to 400 staff has three businesses and each one of them imports, warehouses and distributes their product range throughout South Africa and Sub-Saharan Africa. All three businesses operate from Johannesburg and two of the three have Branches in Durban and Cape Town as well as Jhb. The business philosophy is to highlight quality over price and their brands are synonymous with this reputation in the market place. One of the businesses focuses on design and importing the latest trends for their specific customer base, the second business is synonymous with quality but concentrates on a few selected products to ensure the Company can offer extensive ranges with proficient and comprehensive referencing and cataloguing and the third business offers their exclusive and specific product range to a broader industrial & commercial base. All of the products sold have guaranteed warranties.
The business model of the Holding Company is a decentralised one, so that the CEO will be primarily running all facets of the business independently, while following the Groups ethos and complying with the code of ethics and corporate governance requirements. The listed Groups CEO chairs this Companys Board and the Groups Financial Director is also a Board member. The Companys CEO will report directly to the Group CEO and is likely to hold a position on the listed Groups Executive Committee.
Key performance areas, inter alia, include:
- Manage, motivate and direct EXCO which are made up of a Financial Director, Logistics Director and 3 Divisional Directors (as each of the 3 businesses is a separate Division). It should be noted that most of these Directors have been employed in the Company and/or Group for many years and their competency and expertise are beyond question. As the Company culture is informal and all of the Directors are based at a central Head Office in Johannesburg, the CEO constantly interacts with all of them on a daily basis where there is ongoing collaboration and discussion of the respective areas of the business, ensuring open and honest communication. However, there are also more formal bi-weekly meetings and it should be noted that there is a more formal manner of doing business with their diverse and extensive customer base.
- As the Suppliers which are both local and overseas are a key part of the business, it is critical to maintain exemplary relationships with them whilst ensuring the three businesses continue to receive their high-quality products at a fair & competitive price.
- Sales (trading) is the main driver of the business and ensuring timeous goods to customer is critical in this type of business. Approximately three-quarters of the ±400 staff are employed in the logistics & warehouse areas of the business with a reasonably large quantity of product being imported from overseas. There is a highly competent Shipping Manager & Warehouse Manager employed to ensure smooth and efficient processes are in place. However, sight is never lost on driving sales volume, growing market share but without sacrificing gross margin. It should be emphasised that there has been an increasing focus on expanding market share in Southern Africa.
- The ability to achieve the proper balance between working capital levels and operating profits can never be underestimated and is continuously in the spotlight by the Group Financial Director. Specifically, primary performance measures will be: growth in operating profit and return on nett operating assets.
**Requirements**:
Although specific industry experience in their range of products which is allied to a well known sector is not a prerequisite for the CEO position, nevertheless, an in-depth understanding of a trading environment (which can be somewhat technical and/or industrial) is mandatory. In particular, an understanding of importing and distribution is required whilst ensuring quality of product and fairness in price, both of which are underlying requirements in ensuring on-going customer satisfaction.
- The ability to manage various types of personalities as each of the 3 Divisions are specific and different. There is a need to ensure that EXCO is team driven, notwithstanding that each Director has to manage and achieve specific goals in their particular market sector.
- A highly assertive yet diplomatic individual, strategic and commercial thinker, entrepreneurial, communicative, open personality & people driven, resilience due to ongoing market changes and demands, are just a number of key descriptive words needed by the CEO in this challenging, demanding & satisfying role.
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