Long-serving MIC CEO steps down
Investment firm Mineworkers Investment Company (MIC) has announced that Mary Bomela has stepped down as CEO at the end of February following 15 years of involvement with the organisation.
The company has initiated a recruitment process for a new CEO.
Under Bomela's leadership, MIC achieved remarkable success, including one of its best-performing years over the course of the 2023/24 financial year.
During her tenure, MIC’s net asset value grew from R2.8-billion to R7.8-billion, with a range of transactions having been successfully executed during this period.
Over the past three years, MIC has deployed R2-billion into new investments, expanding its footprint in technology, financial services and the consumer goods sector.
Over the past year, the company added companies such as Chill Beverages and Tropic Plastic & Packaging to its investee portfolio, while continuing its commitment to empowering black-owned businesses through its investment vehicle called Khulisani Venture.
According to MIC, Bomela’s approach to leadership has been instrumental in its success, including through having introduced a new management structure, streamlined operations, and assembled a team of highly skilled professionals to drive growth and innovation.
MIC chairperson Tshepiso Poho attributes the company’s strong balance sheet and solid investment record to Bomela’s efforts.
"As MIC turns 30, I am proud of what we have achieved together, and I am confident that MIC will continue to thrive under new leadership," Bomela says.
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