Johannesburg, Wednesday, 11 November 2015 - The ADvTECH Board is delighted to announce the appointment of Roy Douglas as new group CEO and as an executive director of the Board effective 27 November 2015. He will take over from Frank Thompson who is retiring on that date.
Holding a Bachelor's degree in Economics and an MBA, Roy brings 25 years of local and international senior management experience to the Group. Having joined ADvTECH in December 2012, he led the team responsible for the successful turnaround of the Group's tertiary division and served as a member of the Exco leadership in formulating Group strategy. Prior to joining ADvTECH he held senior executive roles in various industries that have honed his skills in strategy, marketing, business development and general management. His track record includes leadership positions in Nampak Limited, Deloitte (USA, Atlanta), House of Fraser Limited (UK) and Unilever SA.
The Board's unanimous choice follows a thorough selection process that incorporated best practices in recruitment and considered numerous internal, external and international candidates.
ADvTECH Board chairman Chris Boulle said: "The Board warmly welcomes Roy and wishes him well as he leads ADvTECH into its next phase of growth. We also want to thank Frank for stepping in and we also wish him well in his retirement. Frank leaves ADvTECH with a depth of quality management and in the best financial position for over a decade."
Frank Thompson said: "I am encouraged by what we have achieved over the past year and am confident that ADvTECH is in safe hands. As a member of the senior executive team, Roy has played a pivotal role in ADvTECH's accelerating growth and expansion. He has the track record to guide ADvTECH into becoming the leading education and recruitment group across the region."
Roy Douglas said: "I am privileged to take over at this exciting time. With shareholders showing strong support for ADvTECH's strategy and capital raising, we have the flexibility to pursue organic growth and judicious investment opportunities.
We have an excellent management team who work well together to implement our strategy while remaining responsive to a dynamic environment. I look forward to meeting as many of our staff and stakeholders as I can in the coming weeks and in the lead up to our results announcement in March next year. Ultimately it is people who are at the heart of what we do and who have made ADvTECH so successful. Our priority will remain developing our people, an unrelenting focus on academic excellence, and creating value for all our stakeholders."
Roy Douglas (58) has had a successful international career with JSE-listed and Fortune 500 companies. He has held senior executive positions at Nampak and Unilever (SA), Deloitte & Touche (US) and the House of Fraser (UK). He has a strong track record in sales and marketing, project management, strategic planning and general management.
With strong leadership and team building skills, Roy has also led numerous successful M&A transactions, disposals, listings and organisational turnarounds. This included the House of Fraser listing on the LSE and the turnaround of Nampak Tissue, which resulted in the division achieving a leading position in this market segment.
Roy has been an ADvTECH group executive committee member since 2012. He has led the team responsible for the Tertiary division's turnaround. Comprising well-known brands like Vega, Varsity College and Rosebank College, the Tertiary division has expanded nationally, made significant technology and online learning investments, and delivered increased profits and margin growth to ADvTECH Group.
Roy has a Bachelor's degree in Economics (University of KwaZulu-Natal) and an MBA (UCT).
Notes to Editors
The ADvTECH Group, a JSE Limited company, is a leader in quality education, training, skills development and placement services. See www.advtech.co.za