Mpumi Madisa has been appointed as Bidvest's new CEO, taking over from retiring Lindsay Ralphs.
Bidvest Group has announced the appointment of Mpumi Madisa as its new CEO with effect from 1 October. She will be taking over from Lindsay Ralphs, who has reached his retirement age.
Mpumi stepped in as CEO-designate on 4 March 2019 to ensure that her transition into the role of CEO went smoothly. According to a statement, her appointment is consistent with a comprehensive succession plan that was developed and has been executive over the past several years. “This last 18 months was spent on extensive preparation for a smooth transition.”
Read more: Mpumi Madisa becomes Bidvest Group’s new CEO-designate
In an interview with CFO South Africa, Mpumi said that her appointment has attracted the attention of President Cyril Ramaphosa and many other industry analysts and well-wishers. When she officially assumes her duties, she will be the first woman to lead Bidvest, and one of two black women who are the CEOs of a JSE Top-40 company. “I feel the significant responsibility and accountability,” she said. “I have been on the board and accountable for the financial performance of the group for six years as a part of the team, but now the big change is the huge expectation.”
Read more: Mpumi Madisa reveals what it takes to get to the top spot at Bidvest
