New joint CEOs for Vuma
Janine Hills, Vuma Reputation Management founder and CEO, will step aside as chief executive of the company on 1 June 2019. Palesa Madumo, executive director of strategy, and Tshepo Sefotlhelo, executive director of operations, will succeed her as joint CEOs, and the new company structure will be ratified by the board at the end of a three-month transition period.
In 2017, a broad-based black economic empowerment (B-BBEE) transaction was concluded with the company’s executive team, and this latest move is the next step in leadership development and empowerment at Vuma.
Hills will remain on the Vuma board and will continue to have an active role in the organisation, with a focus on crisis management, reputation management, business development and finance. The deal, which sees Hills stay on as a shareholder, means that the company will be majority black- and women-owned.
“A good leader knows when to pass the baton to the next generation of leadership,” says Hills. “It is time for the executive directors to take over and I am confident that they are well equipped to take Vuma Reputation Management to greater heights.”
According to Madumo, to take the company to next stage will require insight and vision from her and Sefotlhelo; “Working off an excellent foundation makes our roles — to continue providing excellent service to our valued clients and stakeholders and ensuring that the organisation has skilled and happy people working in it, an exciting prospect.”
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