Johannesburg, 12 Apr 2017
JSE-listed Allied Electronics Corporation (Altron) today announced the restructuring of its executive committee to create a leaner group structure that is aligned to its ICT ambitions.
"Our priorities as a group are to aggressively drive cost efficiencies; recruit, develop and retain top talent; build a trusted ICT brand and accelerate growth," says Mteto Nyati, Altron Chief Executive. "The new structure reflects these priorities while setting the tone across the group on cost focus."
To this end, the executives leading Human Capital, Shared Services, Marketing, and the Altech Netstar operation will be members of the Altron Exco.
A number of previous Altron Exco positions have been made redundant. These are the group executives for corporate finance, strategy and technology, and corporate affairs, as well as the operations executive for telecoms, multimedia and electronics, and operations executive for technology.
Following the implementation of the new structure, the Altron Exco will consist of the Chief Executive, Mteto Nyati; Chief Financial Officer, Alex Smith; Chief Operating Officer, Andrew Holden; Group Executive Human Capital, Johan Klein; Operations Executive Altron Power, Neil Kayton; and the Managing Director of Altech Netstar, Harry Louw; Group Executive: Shared Services and Group Executive: Marketing. Both of the latter positions will be filled as soon as possible.
"The new structure will be operationalized by end of April, after which my new exco and I will go into a strategy formulation process," says Nyati.
Commenting on the reporting structure for Altech Netstar, Nyati says that the operation requires senior management intervention to realise its full potential.
"With the consolidation of the group assets, it is critical that the structure is aligned to our strategy and objectives, while enabling us to put our customers at the centre of everything we do by anticipating their future needs and finding innovative ways to meet them," concludes Nyati.
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