KPMG SA selects new CEO to help with its restructuring process

05 December 2018 Consultancy.co.za

Following the resignation of Nhlamu Dlomu in October this year, KPMG has announced the appointment of former PwC executive Ignatius Sehoole as its new CEO in South Africa. Sehoole will only take office in May of next year due to complications with audit independence rules.

Sehoole is a Chartered Accountant and holds a Certificate of Theory in Accountancy from the University of South Africa. Between 2000 and 2009, Sehoole rose significantly in prominence across the accounting world in South Africa, after he was appointed as executive president of the South African Institute of Chartered Accountants (ICA).

Professionally, Sehoole has worked for highly illustrious firms in South Africa and around the world. He completed his articleship at Big Four accounting and advisory firm Deloitte, following which he joined Transnet where he ascended to the position of Risk Audit Manager over a two-year spell.

He then moved to Inland Region, where he served as Managing Director for a five-year period. After completing his tenure as the Executive President of the ICA, Sehoole worked as a Joint Deputy Chief Executive at PwC, serving on the firm’s executive company.

KPMG SA selects new CEO to help with its restructuring process

Since leaving PwC, Sehoole has worked as the Vice President of the MTN Group for the region of South & East Africa, following which he was appointed the Group Executive of Business Risk Management at the telecom company. He will now take over qaas CEO of KPMG South Africa as of May 2019.

Commenting on his appointment, Sehoole said “I am very honoured and look forward to the opportunity to help lead KPMG SA. It is imperative that the profession rises to the challenges it is facing, and it is in the national interest that KPMG be part of the solution.”

“My priority at KPMG will be to continue to restore client confidence and again make KPMG a firm where the best people wish to work. I look forward to the opportunity to accelerate this rehabilitation phase,” he added. His appointment comes after Nhlamu Dlomu stepped down in October, following a steady loss of business resulting from the Gupta scandal last year.

KPMG has been rebuilding and restructuring for over a year, and will hope that Sehoole’s experience and expertise will help with the process. As per the firm, his delayed date of starting is due to the fact that he has served at firms audited by KPMG during the current financial year.

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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.”