Oceana appoints new CFO designate and executive director
JSE-listed Oceana’s board has appointed Zafar Mahomed as CFO designate and executive director effective from November 1. He will succeed interim CFO and executive director Ralph Buddle.
Following an extensive search and recruitment process conducted by a delegated selection panel comprising of designated nonexecutive directors of the Oceana board, Mahomed will assume office as CFO and executive director of the Oceana board effective from February 1 next year. The company said this timeframe would allow for a smooth transition and handover.
Mahomed has significant experience in the telecommunications, food franchise and furniture retail industries.
He has more than 25 years of finance and business experience across major industries, multinational and listed companies, as well as global brands in multiple industries ranging from manufacturing to retail, financial services, real estate and property, food, medical devices, hospitality, mining equipment and fast-moving consumer goods. Mahomed was most recently cellular network Cell C CFO and prior to that, McDonald’s South Africa CFO.
Mahomed also has multinational finance experience, with particular expertise in mergers and acquisitions, strategy development, property management, investor relations, change management and business turnaround skills. He is also a skilled negotiator.
Mahomed is a chartered accountant and holds an MBL from Unisa School of Business Leadership, a BCom (Hons) from Unisa and a BCom from the University of Natal.
“[Mahomed] is a highly skilled finance leader with a proven record in business,” Oceana board chairperson Mustaq Brey said.
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