Former Capco SA CEO appointed as Non-Executive Director at Plenitude

22 November 2018 Consultancy.co.za

London-based boutique management consultancy Plenitude Consulting is looking to bolster its capacity to navigate the increasing levels of financial crime across the UK, to which end it has appointed a former Accenture executive and the former CEO of Capco South Africa Steve Vinnicombe as a Non-Executive Director.

Having obtained a degree in Economic and Social History from the Unversity of Bristol, Vinnicombe immediately entered the world of consulting. He began his professional career at global management consultancy Accenture, where he spent over a decade in the firm’s Capital Markets division.

Over the course of his time at Accenture, Vinnicombe held the positions of Senior Manager and eventually Senior Executive for Capital Markets. Following his long spell at Accenture Vinnicombe moved to global business and technology consultancy Capco, where he would spend the next six years.

During his time at Capco, Vinnicombe achieved tremendous success, having contributed significantly to the firm’s compound annual growth rate between 2010 and 2016, which stood at a staggering 25%. Towards the end of his spell at Capco, Vinnicombe had ascended to the position of CEO for both the UK and the South Africa markets.

Former Capco SA CEO appointed as Non-Executive Director at Plenitude

Since 2016, he has been engaged with a variety of firms in an advisory capacity, including Heidrick & Struggles, Kasko.no, Delta Capita and Amalytics Software. Now, Vinnicombe will work as a Non-Executive Director at Plenitude, a specialised management consultancy operating in the domain of financial crime.

The firm was founded in 2012, and offers a range of services, including financial crime compliance, anti-bribery and corruption services, prevention of tax evasion and a number of others. Plenitude has recently come into a wave of business with a number of high profile clients, which is a major factor for bringing on board an experienced executive such as Vinnicombe.

Commenting on his appointment, Vinnicombe said, “Financial Crime Compliance is at the epicentre of the seismic changes that Financial Services is undergoing. There is a significant opportunity to address both the regulatory and social imperatives related to money laundering , terrorist financing, sanctions evasion, bribery and corruption, fraud and tax evasion."

He added, “Plenitude has developed a well-deserved reputation for serving its clients with first rate advice and committed execution in its work to date. I am looking forward to helping the firm through the next stage of its growth as it deepens its client relationships, invests in different IP-led products and sponsors the development of its high calibre consultants.

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Palesa Madumo and Tshepo Sefotlhelo take the helm at Vuma Reputation Management

18 April 2019 Consultancy.co.za

Two years after a change in ownership, South African public relations consultancy Vuma Reputation Management has announced a change in its senior leadership. Palesa Madumo and Tsehpo Sefotlhelo take over as joint CEOs at the firm to replace incumbent CEO Janine Hills.

Vuma was established in 2005, and has grown into a successful public and reputation management firm. The firm’s services include media training, stakeholder management and crisis communication, among others. In 2017, the firm underwent a change in ownership to improve its compliance status with the B-BBEE framework.

Janine Hills, who founded the company in 2005, has now stepped down from her position as CEO. Hills is a former executive in the hospitality sector and has also worked for telecom giants Vodacom in the past. Her goal with Vuma was to leverage her nearly three decades of experience to helo firms across South Africa with managing challenging economic scenarios.

Now, Hills believes it is time for her to step down from her position at the helm. She will be replaced by Palesa Madumo and Tshepo Sefotlhelo, who will act as joint CEOs. Madumo holds a degree in Management from Stellenbosch University and has over 15 years of professional experience.

Palesa Madumo and Tshepo Sefotlhelo take the helm at Vuma Reputation Management

She has communications consultancy experience, and has been the Head of Group Communications at Business Connexion. Sefotlhelo is also a highly experienced professional, having worked in the media relations domain for a number of years, including at Ogilvy public Relations.

He was a Business Director at Ogilvy, and will now take over at CEO. He holds a degree in marketing from the University of Johannesburg. As the new CEOs take over, Hills will remain on the board of Vuma, where she will continue to play an active role in organisational decisions.

“A good leader knows when to pass the baton to the next generation of leadership. It is time for the Executive Directors to take over and I am confident that they are well equipped to take Vuma Reputation Management to greater heights,” said Hills.

“We would like to thank Janine for her vision, leadership and confidence in our capabilities to lead Vuma following her years at the helm. This is a great example of what can be achieved through a true commitment to transformation. Having been in the business for years, Palesa and I have the skills and experience to scale the company and ensure its sustainability into the future,” added Sefotlhelo.

 

Madumo said of her promotion, “Working off an excellent foundation makes our roles - to continue providing excellent service to our valued clients and stakeholders and ensuring that the organisation has skilled and happy people working in it, an exciting prospect.”