EOH CFO Megan Pydigadu headed to troubled Spar
chief financial officer Megan Pydigadu clearly relishes a challenge. She is leaving the IT services group to become chief operating officer at retailer Spar.to its shareholders that Pydigadu had resigned and would leave the group at the end of October. In a statement, EOH said Pydigadu was “taking up a position at a large South African company”.
Spar has now revealed in a statement to its shareholders that Pydigadu, 48, will take on the newly created role of COO of the troubled retailer. Her appointment comes as Spar also announced a new CEO, company insider Angelo Swartz, 41, who will replace Mike Bosman in the role from 1 October. Pydigadu will join Spar on 1 November, after wrapping up her responsibilities at EOH.
She is a respected business leader who is highly experienced in corporate restructuring and governance…On the newly created COO role, Spar said the position will “strengthen the group’s executive team and provide support to the CEO on the co-ordination and oversight of the operational and functional activities of the group as well as retailer profitability”.
“Pydigadu brings her extensive restructuring, operational and change management experience to the new role and will add valuable bench strength to the Spar Group executive team,” the retailer said. “She is a respected business leader who is highly experienced in corporate restructuring, governance and delivering operating efficiencies.”
She joined EOH as group finance director in January 2019 and has worked closely with CEO Stephen van Coller to rescue the IT services group, which became embroiled in a corruption scandal. Her duties included overseeing legal, financial, human resources, IT, communications, investor relations and business support digitisation.
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