The Managing Director of G4S Botswana Michael Kampani has reportedly decided to quit his position at the company after almost eight years of service. Kampani served his first three and half years at G4S Botswana as Finance Director before replacing Moraki Mokgosana as the managing director some four years back.
This week, the G4S Botswana board Chairman Lebang Mpotokwane confirmed Kampani’s resignation adding that it is “purely personal reasons” to pursue other interests outside the security company. His last day in office is said to be 28 Feb 2017.
While confirming the latest development, Mpotokwane also added that the company has not yet identified a successor and the process is to start soon. At the time of his appointment, Kampani was tasked with turning the business around after continuos declining profitability since 2011.
The security outfit G4S, under the leadership of Kampani is said to have achieved a remarkable turnaround in 2014 with growth in profit, revenue growth of 6 percent (2013: 0.7 percent) and reduction in overhead costs of 25 percent. It also sustained growth in revenue and profitability in 2015.
Other notable achievements during Kampani’s tenure entail the company’s claim of the G4S Africa Cash Solutions Business Unit of the year award for 2014. The company also completed the integration of the cleaning business (G4S Facilities Management), resolving licensing and trading issues and turning the business from loss making to profitability. Kampani further launched a new retail cash solutions product called Deposita.
At the capital markets, a look at the G4S share price performance at Botswana Stock Exchange shows that the company had steady gains in share price. It is currently trading of P4.08 which is its highest in 3 years.