Edcon: Richard Vaughan

Richard Vaughan has been the Chief Financial Officer of Edcon since June 2016.

Richard Vaughan joined Edcon in 2012 as Deputy Chief Financial Officer and was appointed CFO in June 2016. Prior to joining Edcon, he had a career in investment banking, working for both Goldman Sachs and Deutsche Bank, advising on some of South Africa’s largest mergers and acquisitions transactions. Notably, Richard advised internet billionaire afronaut, Mark Shuttleworth, on the sale of his business to VeriSign. Richard also spent seven years in corporate finance at Gensec Bank. Since joining Edcon, Richard has been instrumental in the various debt financing and restructuring of the group’s lending facilities. He is a CA (SA).

2016 – Present    Chief Financial Officer, Edcon
2012 – 2016         Deputy Chief Financial Officer, Edcon
2010 – 2012         Concessions: Managing Director, Murray & Roberts
2008 – 2010         Executive Director, Goldman Sachs
2005 – 2008         Vice President, Deutsche Bank
1998 – 2005         Manager Corporate Finance, Gensec Bank 

                                CA (SA)

About Edcon: Edcon is the largest non-food retailer in South Africa and has been operating for more than 80 years. They have expanded their footprint to include over 1 318 stores through nine different store formats. 

Edcon reported a revenue of R27.425 billion in 2017