Megan Pydigadu is excited to move into a broader role as Spar’s new COO

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After helping turn around EOH as its group FD, Megan Pydigadu is ready to pursue her own growth.

Last week, Megan Pydigadu handed in her resignation as the group FD of EOH to join Spar as its new COO.

“I’m very excited to be moving into a broader role outside of finance,” Megan says, explaining that the new role at Spar allows her to do just that.

Megan wants to take the learnings from her time at EOH, and over the course of her career, and pay it forward into a new organisation. “It also gives me the opportunity to be exposed to a different industry,” she adds.

Building a sustainable business

Megan has been with EOH since 2018, when she was brought in to bring the technology company back on track after a massive growth phase.

“Working with an amazing exco team and finance team on a day-to-day basis has been very fulfilling and rewarding,” she says about her time at EOH. “Realising the power of the collective and how, as a team, you can make a difference, has been a highlight too.”

Read more: EOH FD Megan Pydigadu reveals the making of a high-performance team

She adds that the pinnacle of her time at EOH was getting the rights issue away at the beginning of the year. “It was such a tough environment to make this happen, especially in light of other companies who have also tried and not been able to get it over the line. It showed a vote of confidence from investors and a belief in the sustainability of EOH going forward.”

Next growth phase

“I feel my job at EOH is largely done. We have stabilised the business, cleaned up the accounts and accounting processes, and we’ve built an amazing finance team,” Megan says.

She adds that the capital structure of the company has been resolved through the rights issue at the beginning of the year and that they have refinanced the debt to normal borrowing costs. “We have also recently implemented a single cloud ERP system.”

Read more: EOH CFO Megan Pydigadu on finding a way to build a sustainable business

“EOH is in my heart and the journey over the last four and a half years has been a very special one. I am glad I could play a part in turning around the business.”

Now that the company is ready for its next growth phase, Megan believes it’s time for someone else to take the finance helm at EOH and drive the new strategy.

“Leading with purpose, heart and authenticity is key to success,” she advises her successor at EOH.

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