Teraco appoints CFO to build large enterprise financial structure

Johannesburg, 10 May 2011
Read time 1min 30sec

The senior appointment of a chief financial officer with considerable industry experience will ensure ongoing stability as the company evolves to a significantly larger business.

Jan Hnizdo brings with him over 18 years of financial experience in various high profile financial management positions. He most recently served as the chief financial officer of MediKredit, a large medical schemes claims processing service provider. Before that, he was the group financial director of JSE-listed Prism Holdings Limited.

In his new role, Hnizdo will be using his skills and past experience in listed company environments to ensure Teraco successfully balances growth with risk in current and future business opportunities. He will be assisting in the creation and implementation of strategies focusing on growing stakeholder value. As Teraco is a relatively young company, Hnizdo will also ensure that appropriate financial disciplines and practices are entrenched.

Hnizdo is a qualified chartered accountant (SA) with a Bachelor of Commerce and a Bachelor of Accounting from the University of the Witwatersrand, Johannesburg, South Africa.

“Teraco is maturing quickly and has grown very fast. We have appointed Jan for his skills set in successfully managing the financial structures of large enterprises and listed companies,” says Lex van Wyk, managing director of Teraco. “This will help Teraco build its lead in the local co-location market and ensure we have all the checks and balances in place as we grow. Managing multimillion-rand transactions also requires skill and finesse to ensure good governance and a balanced view of risk.”

Editorial contacts
Teraco Data Environments Nasheema Jakoet (+27) 21 514 5402
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