BIDVEST: 15,940 +1231 (+8.37%)
South Africa's Bidvest appoints CEO in waiting
JOHANNESBURG, March 4 (Reuters) - South Africa's Bidvest
Group has appointed Mpumi Madisa as chief executive
designate to ensure a smooth transition into the top job, the
company said on Monday.
Madisa will work closely with current CEO Lindsay Ralphs
until the 2021 financial year, the trading, distribution and
services company said after posting a close to 10 percent rise
in half-year earnings.
"This is consistent with a comprehensive succession plan
that was developed and has been executed over the past several
years to specifically mentor and continue her (Madisa's)
preparation for the chief executive role," Bidvest said.
(Reporting by Tanisha Heiberg
Editing by David Goodman)
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