Three months after launching their key executive structure to the market, Nolands Capital have announced as non-executive Chairman one of South Africa’s most successful and revered businessmen, Ivan Clark.
During his tenure as Chief Executive of Grindrod, the company transformed from a small shipping company to a major worldwide shipping and logistics business. It won awards as the top South African listed company in 2004 and 2005, as well as Financial Mail’s top 20 company in 2007, and the world’s top listed shipping company in 2004 and 2005. In this period Grindrod’s share price soared from R1 to an effective R140.
“I have a simple recipe: hard work, perseverance and a bit of luck” he said at the time.
There is no doubt too that he is a self-motivated people person and a natural leader, held in high esteem throughout the business community.
“We are very fortunate indeed to have Ivan accept our invitation to Chair Nolands Capital” says CEO Stuart Noland. “He is someone who has truly walked the walk and he will be both a directional beacon and an inspiration for our young team”.
At launch, Nolands Capital had the stated aim of offering its markets a high-level blend of youthful energy and deeply networked experience. Ivan Clark as Chairman is a landmark step in realising this vision.
Ivan commented on his new appointment: “Nolands Capital is an embryonic company run by an enthusiastic team of young professionals which has already established a good track record particularly in the medium size business field.” He went on to say: “There is just so much opportunity for this type of business in Southern Africa at the moment as many companies are being valued well below their true net asset value and there is great demand in the BEE transformation arena. This provides much opportunity for deal making in the niche medium size business range and thereafter for much growth opportunity in partnership with entrepreneurs.”
“All of us at Nolands warmly welcome Ivan into our business and very much look forward to interacting with him. He has a vast depth of knowledge and experience to share and I know Stuart and his team appreciate this wonderful opportunity” said Chairman Clive Noland.
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