The Edcon Board has delegated authority for the day-to-day affairs of each of its divisions to the executive managers. The Executive Management Group (EMG) is mandated to assist in reviewing the operations of and performance of the Group and its subsidiaries, developing strategy and policy proposals for consideration by the Board and implementing the directives of the Board.
CHIEF EXECUTIVE OFFICER
Education: B.Sc. (Hons) Electrical Engineering Experience: Grant graduated from the University of Cape Town with a B.Sc. Hons in Electrical Engineering in 1992. After four years with the Anglo American Group and two years in strategy consulting with The Monitor Group, Grant joined Massmart as Executive Assistant to the Executive Chairman in 1998. He held various positions within the Group, including Managing Director of Massdiscounters, Managing Director of Shield and Jumbo, Chairman Masscash and Group Commercial Executive. In 2005, he was appointed the Deputy Chief Executive Officer, and Chief Executive Officer in July 2007. He left Massmart in May 2014: he was the key member of the team that executed the Massmart transaction that resulted in Wal-Mart Stores Inc. becoming the major shareholder, and integrating the operations and systems of the two retailers in South Africa and the rest of the continent. Grant serves on the boards of various companies.
Grant joined Edcon as Chief Operating Officer / CEO designate on 5 June 2017, joining Edcon’s Executive Management Group.
Grant was appointed as CEO in January 2018.
CHIEF EXECUTIVE: EDGARS
Education: B. Comm (Hons) CA (SA) Experience
Mike Elliott was appointed as Edgars Chief Executive in December 2017
A Chartered Accountant by profession, he has significant and diverse experience having held senior roles in Ernst and Young, Naartjie and Luxottica.
Mike’s experience includes 11 years as a shareholder and Managing Director of Naartjie Clothing and nine years as Managing Director of Sunglass Hut in South Africa.
In the two years prior to joining Edcon, Mike held the position of GM: Sunglass Hut Africa, Middle East and India. He also served as a Board Member of “One Sight” - a global non-profit organisation dedicated to bringing sustainable and urgent vision care solutions to the U.S. and various disadvantaged communities around the world.
CHIEF FINANCIAL OFFICER
Education: Chartered Accountant Experience: Richard joined Edcon in 2012 as Deputy Chief Financial Officer.
Prior to joining Edcon, Richard 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 (M&A) transactions. Notably, Richard advised internet billionaire and afronaut, Mark Shuttleworth, on the sale of his business to VeriSign.
Since joining Edcon, Richard has been instrumental in the various debt refinancing and restructuring of the group’s lending facilities.
In June 2016, Richard was appointed as the Group Chief Financial Officer.
CHIEF OPERATIONS OFFICER
Mncane has a wealth of experience and an illustrious career as a Corporate Executive and Director in a variety of business sectors. His most recent role was as Commercial Director at Massbuild (part of Massmart) and a Member of its Executive Committee. He was also Supplier Development Executive at Massmart for over three years before joining the Massbuild Board. In addition, he was the CEO of the Consumer Goods Council of South Africa (CGCSA).
His leadership and stakeholder involvement includes: Member of Faculty at Duke Corporate Education, Independent Non-executive Director of Adcorp Holdings Ltd. He is also the Immediate Past President of the Black Management Forum (BMF).
Mncane is a PhD Candidate (Wits), and holds an M.Com in Leadership Studies (UKZN) as well as a PMD (GIBS), EDP (GIBS) and AMP (Harvard).
CHIEF RESTRUCTURING OFFICER
Education: BComm (Hons) CA (SA). AIPSA Diploma in Insolvency Law Experience: Scott Brown was appointed as Chief Restructuring Officer in May 2019. Scott joins us from Investec where he held the position as Head of Group Credit. His previous experience includes Senior Credit Manager at Nedbank where he specialised in high value, high risk distressed accounts and Audit Manager at Deloitte. He is known for his astute skills in corporate and investment banking, financial risk and credit management. Scott’s niche expertise will be highly beneficial to the Edcon Group.
Scott graduated from the University of the Witwatersrand with a BComm (Hons) degree and is a CA (SA). He also holds a Diploma in Insolvency Law from the University Johannesburg.
CHIEF INFORMATION OFFICER
Experience: Sibusiso has extensive knowledge and experience in the ICT industry, coupled with a strong commercial acumen having worked across various sectors, including banking, sales and retail. Sibusiso is known for his astute skills in corporate and investment banking, including strategic relationship management roles.
CHIEF EXECUTIVE: THANKU DIGITAL
Education: Chartered Institute of Secretaries FCIS Experience: Jane has extensive business and ICT experience. With a career which commenced in financial management, she has excelled in various Directorships, Executives and consulting roles, particularly in the Retail IT industry. Jane is known for her strategic leadership style, her focus on excellence and dedication to delivering great service to ensure business success.
Jane was appointed to Group Chief Operating Officer of Business Connexion in May 2014, to provide leadership and strategic direction to address the Group’s pressing needs through the implementation of specific projects and activities. Subsequent to the Telkom merger she took the role of Group Executive: EMEA, with responsibility for Group Operations and the chairing of multiple subsidiary boards, outside of South Africa.
Jane joined Edcon as CIO in January 2018, and having reset the IT Strategy and commenced its execution, she was appointed Chief Executive: ThankU Digital, a newly created division, in July 2018. This new division has been established to reposition Financial Services, Insurance, Rewards, Cellular, e-Commerce and Customer Insights onto a digital platform, offering Customers and Partners an unrivalled value proposition, underpinned by these services and our extensive customer base.
CHIEF LEGAL COUNSEL AND GROUP SECRETARY
Education: BA (Hons), LLB, HDip in Compliance Experience: Charles joined Edcon in October 2008 as General Counsel and Group Secretary.
He remains actively involved in all Mergers and Acquisitions transactions of the Group, which include the sale of the credit book to Absa for R10bn, acquisition of ALIVE group of companies, sale of the Legit business, as well as the work relating to the Group capital structure, and recently the restructuring of the Group’s debt.
Charles serves as Trustee to the management equity scheme and advisor to the BEE Trust.
Prior to joining Edcon, Charles worked in the financial services industry in legal, governance and compliance roles and consulted to various companies in the motor industry on legal and governance matters.