JSE-listed IT business Spescom is on the hunt for a new financial director, following the resignation of Dashni Sinivasan.
According to the company's CEO, Jene Palmer, Sinivasan has been offered a position at one of the country's network operators. “Unfortunately, I cannot disclose which of the operators she will be moving to. I can only say that they have made her an offer she can't refuse.”
Sinivasan joined Spescom in 2007, after having worked as GM for BMW's financial services division. She was promoted to CFO in 2008. Early this year, she was again promoted to board level as the company's financial director.
She will stay on at the company until the end of the month, and Palmer says Spescom is in the process of recruiting a replacement candidate. “We are making arrangements for a replacement, and if we don't have a permanent person in by the end of the month, we will have an acting CFO,” she explains.
Spescom will announce its interim results set near the middle of this month. The company hopes to see similar growth to that which it produced for its final results for 2008, where it saw operating profit increase to R14.4 million over 2007's R1.3 million.
The company has been on a steady financial growth path since 2006, where it reported a loss of R1.5 million.
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