Chief Restructuring Officer (General Manager) of Acdoco South Africa (2013-2015)
The entire company executive management team walked out, on one months’ notice, after a proposed merger failed to materialise. The company is owned by a UK company, I was approached by the foreign shareholder to remedy the situation.
The key principal (Gliss hair products) followed the management team I designed and implemented the turnaround strategy I reduced the stock balance from AUD10 million to AUD2 million. We turned a AUD1 million loss to a AUD 2 million profit (in the remainder of the financial year). The business continues to trade profitability, and a new management team has been installed.
Chief Financial Officer of Stallion Holdings (2015 – ongoing)
Stallion Security is one of South Africa largest privately owned security companies. I was approached by the founder to come in and assist him at a strategic level, to create and implement financial strategy and to pursue a merger and acquisition strategy. I was also tasked with the African expansion plans as well as raising money for the local and African operations. I reorganised the African side of the business, domiciled it in Mauritius, with the appropriate Double Tax agreement, Investment Protection, and Funding Structures.