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2017/05/26
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When:
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Friday 26th May 2017
08:30 for 09:00
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Where:
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PwC Waterfront Offices
5 Silo Square
V&A Waterfront
Cape Town, Western Cape 8002
South Africa
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Contact:
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Peeta Valentine
peeta.valentine@pwc.com
021 529 2000
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« Go to Upcoming Event List
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'The Edcon turnaround strategy - the journey thus far', presented by Jaco van Jaarsveldt
PMO Western Cape Forum, Friday 26 May
V&A Waterfront, Cape Town
ABOUT THE FORUM
The Western Cape PMO Forum acts as an Interest Group of Project Management South Africa (PMSA) and is sponsored by PwC.
The invitation only forum meets every two months and the events take place at the PwC Waterfront offices.
There are no costs involved for attendees as the event is sponsored. Each meeting is dedicated to a specific topic where a subject matter expert introduces the topic in a 45-60 min talk and we then have structured conversations around the topic in smaller groups.
Forum membership includes:
• PMO practitioners who enable, support and ensure the delivery of change at a project/programme/portfolio level
• Senior project and programme managers interested in getting a better understanding of how their PMOs can contribute to improved delivery and realisation of organisational value
• People in senior leadership positions who are interested in getting a better understanding of the services offered by PMOs and the potential benefits for their organisation
• People in strategy or business change enablement functions/positions who form the critical link between strategy planning and execution.
For more information please contact Peeta Valentine at peeta.valentine@pwc.com or on 021 529 2000
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ABOUT THE EVENT
In 2016, the CEO of Edcon, Bernie Brookes, communicated that the group was embarking on a four-year turnaround plan, this after Bain handed ownership of Edcon to its creditors. At the time, the 87-year-old retailer, which employed about 30,000 people outside of peak season, had seen sales decline in its more than 1,500 stores while managing the business largely to make debt repayments. Edcon planned to "stop the rot" in its first year under the ownership of creditors, cease losing market share in the second and start to claw it back in years three and four. The group identified several strategic and tactical initiatives as part of their turnaround plan and to drive the three strategic pillars of customer centricity, empowerment and simplicity.
Recent financial results indicate that the strategy is starting to make an impact as sales improve each quarter. Edcon’s efforts are now being steered towards the process of evolving and enhancing its stores and product offering, including IT and other systems. Customer experience will continue to be a core focus area.
Join us for an insightful presentation on the Edcon Turnaround Journey thus far, when we will zoom in on some of their success stories, lessons learned and planned initiatives going forward.
ABOUT THE SPEAKER
Jaco van Jaarsveldt is a people and strategy focused professional with 18+ years’ experience driving profit growth across geographies (Middle East, Africa and Asia) and industries (Banking, Private Label Credit, Clothing and Furniture Retail and Insurance) through business transformation and people empowered leadership. He has been and remains passionate about delivering consistent results for companies with experience in private equity, publicly traded and privately owned companies.
Jaco has spent 8 years broken service at Edcon (Pty) Ltd during his career and is currently the Head of Credit, Financial Services and Commercial Sales at Edcon. He has experienced both the boom in the retail industry during the early 2000’s and more recently played a key role in the Edcon debt restructure program which was completed in 2016.
Throughout his career he has sponsored various large projects and is a strong supporter of clearly defined and managed project methodologies to ensure timeous, successful and in-budget delivery.
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