Nopasika Vuyelwa Lila to retire as Barloworld group FD
Nopasika Vuyelwa Lila will retire as group FD of JSE-listed Barloworld on November 30, having completed a successful tenure in this role since joining the company in 2019.
Relebohile Mosaletseng Sehoole (Malahleha) will succeed Lila, effective December 1.
Lila was instrumental in driving a number of improvement processes in the group, geared at inculcating effective financial management and value creation around cash and revenue management, Barloworld points out.
Moreover, during her tenure, Lila’s focus extended beyond her financial mandate and as the CEO of the Barloworld Corporate Offices, she championed “conscious leadership, belonging and uncompromising performance”, the group adds.
Sehoole has been with Barloworld for ten years and started her journey in the group as CFO for Avis Budget Southern Africa (then a subsidiary of Barloworld) in 2015.
Sehoole brings over 27 years of experience in managing and operating businesses within various roles.
Her expertise includes holding leadership positions in corporate finance, group treasury, financial reporting, corporate governance, group tax and financial restructuring, among others.
During her tenure, she has played a pivotal role in several defining projects for the group, including the acquisition of Ingrain starch business from Tongaat Hulett; the unbundling, refinancing and subsequent initial public offering of Zeda; the buy-out of Barloworld’s defined benefit pension fund based in the UK; the sale of 50% of the Motor retail business to NMI Durban South Motors; and as a member of the steering committee of the take-private transaction of Barloworld.
Before her time at Barloworld, Sehoole was a partner at KPMG for seven-and-a-half years, first in the technical department and later in accounting advisory services.
She holds a Chartered Accountant South Africa qualification and is an Advanced Management Programme Harvard Business School graduate.
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