governance

Governance

Find out more about our governance practices and policies.

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    Strive Masiyiwa

    Chairman

    Strive Masiyiwa is the founder of the Group and Chairman of our board of directors. Mr. Masiyiwa founded the Econet Group, a diversified global telecommunications group with operations and investments in over fifteen countries. Mr. Masiyiwa’s business interests also include renewable energy, financial services, media and hospitality. Mr. Masiyiwa serves on a number of international boards, including Unilever, Rockefeller Foundation, the Council on Foreign Relations’ Global Advisory Board, the Africa Progress Panel, the UN Secretary General’s Advisory Board for Sustainable Energy, Morehouse College, Hilton Foundation’s Humanitarian Prize Jury and the Kenjin-Tatsujin International Advisory Council. Mr. Masiyiwa also serves as Chairman of the Alliance for a Green Revolution in Africa (AGRA). In addition, Mr. Masiyiwa is one of the founders, with Sir Richard Branson, of the global think tank, the Carbon War Room, and a founding member of the Global Business Coalition on Education. In 2017, Fortune Magazine named Mr. Masiyiwa number 33 in the World’s Greatest Leaders for 2017.

     

    Nicholas Rudnick

    Chief Executive Officer

    Nicholas Rudnick is the Chief Executive Officer of the Company and a member of our board of directors. Mr. Rudnick became the Company’s CEO in 2004, when the Company was rebranded from Econet Carrier Services to Liquid Intelligent Technologies. Mr Rudnick is also a director of Econet Global Limited. Mr. Rudnick has been listed in Global Telecom Business Magazine’s 100 most influential people in the telecommunications industry for the last three consecutive years and is a very well-recognised entrepreneur and legal expert within the industry, helping develop the sector significantly in Africa. Mr. Rudnick is an England and Wales qualified attorney and holds a Master of Laws (Telecommunication) from the University of Strathclyde and BA and LLB degrees from the University of Cape Town.

     

    Kate Hennessy

    Chief Financial Officer

    Kate Hennessy was appointed as Chief Financial Officer of the Group and a member of our Board of Directors on 4 October 2019.  Prior to that she was Chief M&A Officer of Liquid Intelligent Technologies from September 2018 until her appointment as CFO. She previously served as the Chief Financial Officer of the Company from 2008 to 2018.  Ms. Hennessy has also worked for Cable and Wireless (London) and qualified as a chartered accountant with KPMG in Johannesburg.  She has over 20 years of experience in the telecommunications industry in the United Kingdom and South Africa. She is a chartered accountant in South Africa and holds a Bachelor of Business Science with Honours from the University of Cape Town.

     

    Vassi Naidoo

    Senior Independent Director

    Vassi Naidoo is the Senior Independent Director on our board of directors. Mr. Naidoo is currently the Chairman of Nedbank Group Limited and Nedbank Limited.. Previously, a Non-Executive Director at Old Mutual plc and Old Mutual Group Holdings (SA) (Pty) Ltd.  Mr Naidoo has also held several leadership roles with Deloitte, including Vice Chairman of Deloitte UK for five years, Deputy Managing Partner of Deloitte Europe Middle East Africa region for three years, and Chief Executive Officer of Deloitte Southern Africa for eight years. He is a member of the South African Institute of Chartered Accountants (SAICA), with an honorary life membership for his contribution to the development of the profession in South Africa, and a member of the Institute of Chartered Accountants in England and Wales. Mr. Naidoo has a deep experience in the financial services industry.

     

    Donald H. Gips

    Independent Non-Executive Director

    Donald H. Gips is an Independent Non-Executive Director on our board of directors. He is also currently CEO of the Skoll Foundation.  Previously he was a Principal of Albright Stonebridge Group, a global strategic advisory and commercial diplomacy firm, also serving as Chair of the U.S.-South Africa Business Council, Senior Advisor at Blackstone, and outside director on the boards of Zayo, Black Rhino, Nextnav and Omnispace. Over the course of his career, Mr. Gips served as the U.S. Ambassador to South Africa, ran the Office of Presidential Personnel for the Obama Administration, served in the White House during the Clinton administration, and served as Chief of the International Bureau at the Federal Communications Commission. In addition, from 1998 to 2008, Mr. Gips was group vice president of global corporate development at Level 3 Communications. He received an MBA from the Yale School of Management, where he was honored as a Donaldson Fellow, and an undergraduate degree from Harvard University where he was presented with the Ames Award and the Paul Revere Frothingham Prize.

     

    Dr. Omobola Johnson

    Independent Non-Executive Director

    Dr. Omobola Johnson is an Independent Non-Executive Director on our board of directors. She is a former Minister of Communication Technology for the Federal Republic of Nigeria. She served in this capacity between July 2011 and May 2015, under the Presidency of H.E. Goodluck Jonathan. Prior to serving in a public sector role, Dr. Johnson worked as a consultant with Accenture and Arthur Andersen for 25 years before taking early retirement from Accenture in March 2010 to complete a Doctorate in Business Administration, whose main research focus was looking into the improvement of business leadership development in companies in Nigeria. Since Sept 2015, Dr. Johnson is a Senior Partner at TLCom Capital LLP, a technology-focused venture capital firm, with specific responsibilities for fund raising, deal flow generation, and investments in technology companies in West Africa. Dr. Johnson has previously served as an Independent Non-Executive Director of Diamond Bank, currently Chairs the boards of Custodian and Allied Insurance, and Phoenix Africa Development Company, and sits on the Nigeria boards of FBNQuest Merchant Bank and Guinness Nigeria plc. Since 2001, she is a Founding Chairperson and member of the Board of Trustees of Women in Management and Business, an NGO whose mission is to elevate the profile and influence of women in management, business and public service through annual conferences and mentoring programmes. She holds a BSc. in Electrical and Electronic Engineering from the University of Manchester, an MSc. in Digital Electronics from Kings College London, and a Doctorate in Business Administration from Cranfield University.

     

    Dr. Donald Kaberuka

    Independent Non-Executive Director

    Dr. Donald Kaberuka is an Independent Non-Executive Director on our board of directors. He is Chairman, Managing Partner and Co-Founder of SouthBridge, a pan-African financial and investment advisory firm. He also serves as the chair of the board of the Global Fund to Fight AIDS, TB and Malaria and as a Special Envoy of the African Union on the Peace Fund and Sustainable Financing of the Union. He was the seventh President of the African Development Bank Group and served as Chairman of the African Development Bank’s board of directors for two successive five year terms between 2005 and 2015. Prior to joining the African Development Bank, Dr. Kaberuka was Finance Minister of Rwanda between 1997 and 2005. He currently serves on the boards of several corporates, global philanthropic foundations and think tanks, including as a board member of the Centre for Global Development, the Brookings Institution, Centum Investment Company, and was formerly a Senior Adviser to the global private equity firm, TPG-Satya, and the Boston Consulting Group (BCG). Dr Kaberuka is an alumnus of the University of Glasgow.

      

    Eric Venpin

    Independent Non-Executive Director

    Eric Venpin is an Independent Non-Executive Director on our board of directors. Mr. Venpin is a fellow member of the Institute of Chartered Accountants in England and Wales and is currently the Managing Director of The Lins Consulting Ltd and sits on the board of several companies. He started his career in London, UK, where he was involved in international tax planning and restructuring. He then became a Partner at Deloitte, Mauritius in charge of fiscal services and information technology. He was also one of the founder members of DTOS Ltd, one of the main service providers in the global business industry. In 2005, he was appointed as Managing Director of Mauritian Eagle Insurance Co Ltd, a listed insurance company in Mauritius and a year later became the Chief Operating Officer of the financial services sector of IBL, one of the largest listed conglomerates in Mauritius and was in charge of insurance, leasing and global business clusters.

     

    Anil Dua

    Non-Independent Non-Executive Director

    Anil Dua is a Non-Independent Non-Executive Director on our board of directors. He is currently a Partner of Gateway Partners, a private equity firm focused on Africa, Middle East, South Asia and Southeast Asia. Prior to Gateway, he was the Chief Executive Officer of Standard Chartered Bank, West Africa, after having served in a number of senior positions with Standard Chartered Bank, including head of origination and client coverage for Africa and global head of project export and structured trade finance. Mr. Dua has been a Non-Executive Director at Forte Oil plc since 2015, and a Non-Executive Director at African Export-Import Bank since 2010. He holds a Master’s degree in Economics from Delhi School of Economics.

     

    Hardy Pemhiwa

    Non-Independent Non-Executive Director

    Hardy Pemhiwa is a Non-Independent Non-Executive Director on the Group's Board of Directors. He is Group Chief Executive and Managing Director of Econet, the parent company of Liquid Intelligent Technologies. In addition, Hardy is a director of several of Econet’s key subsidiaries. He previously spent over 15 years working in development and investment banking focused on project and structured trade finance in Sub Saharan Africa. He received a Bachelor’s degree in Computer Engineering from Queen Mary College, University of London and holds a Master of Business Administration certificate in Finance from Edinburgh Business School.

     

    Udo Lucht

    Non-Independent Non-Executive Director

    Udo Lucht is a Non-Independent Non-Executive Director of the Group’s Board of Directors. He is currently Chief Investment Officer at Royal Bafokeng Holdings (Pty) Ltd. He is also on the board of Royal Bafokeng Platinum Limited and YeboYethu (RF) Limited and is an alternate director on the boards of RMH Holdings Limited and Rand Merchant Investment Holdings Limited.  Previously he worked for Rand Merchant Bank in various roles and Deloitte & Touche.  He is a Charter Financial Analyst and a Chartered Accountant (South Africa) and holds a Bachelor of Commerce (Honours) degree from the University of Natal.

     

    Richard Wilson

    Non-Independent Non-Executive Director

    Richard Wilson is a Non-Executive Director on our board of directors. Mr. Wilson is a private investor in growth stage companies as well as a co-investor with private equity firms. He was previously a Senior Executive at Apax Partners LLP, a leading private equity firm. Joining as an Associate, Mr. Wilson became an Equity Partner, leading the global Tech & Telecoms sector team and serving as a member of the Investment, Exit and Portfolio Review committees. He has extensive experience in growth capital and buyout investing, ranging from software companies to mobile, fixed line and satellite operators. Other previous appointments include Non-Executive Director of PA Consulting Group; Chairman of the European Venture Capital and Private Equity Association (EVCA) and the Public Affairs Executive (PAE); council member of the British Venture Capital Association. Mr. Wilson holds a degree in Engineering from the University of Cambridge and an MBA from INSEAD.


    Mark Nisbet

    Independent Non-Executive Director

    Mark Nisbet is an Independent Non-Executive Director on our board of Directors. Mark is a Director, Head of Transactions and Legal Counsel at ICECAP Limited, a Jersey regulated corporate services company. Mark has worked in the corporate and banking practice group for the majority of career and has had extensive involvement in a wide variety of corporate matters under Jersey law, including M&A and capital market transactions, windings up, director's duties, distributions, share buy backs, drafting of articles of association and shareholder agreements and preparing all board and shareholder resolutions. He has advised various companies in acquisitions including HSBC in respect of funding the acquisition of the Jersey Royal Company Limited and PPG Group on the €2.25 billion sale to Generali of its 49% interest in the Generali PPF Joint Venture Group. Mark holds professional qualifications including Advocate of the Royal Court of Jersey and Solicitor of the Supreme Court of England and Wales.


    Lesley Goldwasser

    Independent Non-Executive Director

    Lesley Goldwasser is an Independent Non-Executive Director on our board of directors. She is currently a Managing Partner of GreensLedge. Prior to joining GreensLedge, Lesley headed up the Global Hedge Fund Strategic Services unit at Credit Suisse Group AG. Prior to Credit Suisse, Lesley spent twelve years at Bear Stearns where she was co-head of Global Debt and Equity Capital Markets and had global responsibility for Structured Products. Prior to her tenure at Bear Stearns, Lesley spent 12 years at Credit Suisse in a variety of management positions including responsibility for both the Asset Backed and Non-Agency Mortgage Trading Desks. Lesley was born and raised in Bulawayo, Zimbabwe and is a graduate of the University of Cape Town, South Africa. Series 7, 24, 63 and 79 licensed.


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